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News
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Financial News
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Yelp Inc. has submitted regulatory filings for an initial public offering of stock, and Facebook is expected to do so this year. They would become the latest tech companies to go public. Below is a look at how the stocks of some recently public companies are faring. The companies are all loosely Internet-related, though their businesses vary widely. " Zynga Inc., creator of online games, first trading day on Dec. 16. Pricing: $10 per share First-day close: $9.50, down 5 percent from IPO price Friday's close: $8.81, down 12 percent from IPO price " Jive Software Inc., creator of tools to run social networks for businesses, first trading day on Dec. [Read the full article]
Infoblox had about 114 million common shares prior to the offering, with 28.9 percent held by Sequoia Capital. CEO Robert Thomas held about 7.6 percent. The company has not yet priced shares or said how many would be on offer. In December, when it put a value on stock options, the company said the fair value of its stock was $3.26 per share. It plans to use proceeds for working capital and other general corporate purposes as well as potential acquisitions and investments. It is aiming to trade on the New York Stock Exchange under the symbol "BLOX." Underwriters include Morgan Stanley, Goldman Sachs and UBS Investment Bank. [Read the full article]
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