For those of you hoping to get your hands on some sweet Twinkies stock in light of recent reports that the owners of Hostess Brands would be putting shares of the company up for sale in an initial public offering, stop drooling. The CEO and co-owner of the company says he and his fellow owner won’t be selling the company they bought just two years ago anytime soon.
Michaels, a store that sells craft supplies and random decorative crap, managed to become the only big-box craft store that sells kids’ current favorite craft/toy, the Rainbow Loom. Here’s the problem with having one hot product, though: it might boost a company’s sales and profits now, but how long will the trend last? [More]
Do you love movies? Not but really, do you love movies so much that you’d be willing to invest in AMC Theaters? Because ahead of the company’s upcoming Initial Public Offering, AMC says it’ll offer some of its most loyal customers a chance to snag some stock at the same price as the big kahuna investors out there. [More]
Using candy as bait is a tried-and-true trick to get people to do things. Like trading a Snickers bar to your little brother so he’ll promise not to tell your parents what time you really came home from that party junior year, candy has a way of persuading people. Heck, Candy Crush Saga doesn’t even reward people players with real candy and yet it’s so popular, the company that makes it is banking on its draw when it goes public. [More]
If you didn’t get in on the Facebook IPO and feel like it’s time you started making waves in the social network investment world, start busting open your piggy banks: Twitter announced last night (on Twitter, where else?) that it has filed confidential paperwork to kick off the process of an initial public offering. [More]
How many acronyms can you fit in one sentence? Please see the above headline, which pertains to a settlement reached by the Securities and Exchange Commission (SEC) that will see the NASDAQ (National Association of Securities Dealers Automated Quotations — the more you know!) paying out $10 million for bungling Facebook’s IPO, or Initial Public Offering last year. Whew, try saying that sentence three times fast. Or even once. [More]
Skeptics that thought Facebook’s IPO price of $38/share was perhaps too high a jumping-off point were proven partially correct today, as stock in the world’s social network finished its first day of trading only about $.23 above the offering price.
Tomorrow, a very small group of people — many of them already incredibly wealthy — will be super incredibly wealthy when shares of Facebook start trading on Nasdaq. But while only a few folks will reap a direct, immediate benefit from the IPO, the decision to take Facebook public with such huge dollar amounts attached to the deal will definitely have a long-term impact on consumers.
Something a little more important than the newest Chevy went on sale at GM today — new shares of the company hit the market at $35 this morning and appeared by lunchtime to be doing a healthy business. And while today’s IPO will likely put a sizable dent in the company’s debt, CEO Dan Akerson isn’t as eager as his predecessor to make promises that future stock sales will guarantee taxpayers are repaid in full.