Box’s shares soared 66 percent in their stock market debut Friday despite the online storage provider’s decade-long history of losses, a showing that may encourage more unprofitable technology startups to go public this year.
Online storage provider Box has wrapped up its IPO at $14 per share to set up a test of investors’ appetite for a rapidly growing technology company that hasn’t proven it can make money.
If you really, really want to make sure you get your tickets to this year’s Burning Man be prepared for a little sticker shock.
The shares opened at $27 — $4 higher than the price that the airline set—and then jumped as high as $29.74 within about an hour of the opening bell on the Nasdaq stock market.
Yahoo’s (YHOO) third-quarter earnings soared as the Internet company collected a huge windfall from Alibaba’s recent IPO. Revenue also rose slightly from the previous year, a welcome change for a company that has been posting quarterly declines for most of the past five years.
Alibaba’s stock is surging as the Chinese e-commerce powerhouse’s begins its first day trading as a public company.
The Chinese e-commerce powerhouse is expected to start trading Friday on the NYSE in an IPO that values it at $167.62 billion, bigger than the current market value of Amazon, Cisco, and eBay.
Google’s IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit.
Investors sent shares of San Mateo-based GoPro Inc. (GPRO) up more than 30 percent in their stock market debut Thursday, following an initial public offering that valued the sports camera maker at about $3 billion.
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.