Initial Public Offering
The maker of wearable sports cameras, loved by mountain climbers, divers, surfers and other extreme sports fans, is expected to sell its shares publicly for the first time and begin trading on the Nasdaq stock market Thursday.
The company, based in San Mateo, makes devices popular with extreme athletes. Its small and durable cameras, which sell for several hundred dollars, can be found on the tops of helmets of skiers, handlebars of mountain bikers and the fronts of surfboards.
Alibaba Group, China’s leading e-commerce company, is dangling a deal that could turn into one of the biggest IPOs in U.S. history.
Shares of Barracuda Networks Inc. jumped in their debut on the New York Stock Exchange on Wednesday.
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As Twitter prepares to complete its initial public offering of stock this week, the San Francisco company’s history of losses totaling nearly $500 million is raising questions about its ability to turn a cultural phenomenon into a sustainable business.
Twitter’s IPO could now raise more than $2 billion.
The New York Stock Exchange says its test run of Twitter’s initial public offering was a success, as the exchange takes pains to avoid the technical problems that marred Facebook’s debut.
Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year’s most eagerly awaited stock market debuts.
Twitter is so deeply ingrained in the cultural conversation that its initial public offering is likely to be a hot topic on its trend-setting service for the next few months. Its stock market debut is also likely to be the most scrutinized coming-out party since Facebook went public in May 2012 and promptly flopped.