San Francisco-based social gaming firm Zynga saw a boost on Tuesday as word that rival King Digital Entertainment – maker of the wildly popular Candy Crush Saga – filed for an initial public offering.
Twitter beat Wall Street’s earnings and revenue expectations in its first quarter as a public company. But investors were looking for even more and the company’s stock dipped as much as 12 percent in after-hours trading Wednesday.
An unusual startup trying to sell stock in star athletes is now hoping San Francisco 49er tight end Vernon Davis will prove the concept is a winner.
A season-ending injury to Houston Texan running back Arian Foster has also sidelined an IPO proposing to sell a stake in the football star’s future earnings.
Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street’s lofty hopes.
Shares of Barracuda Networks Inc. jumped in their debut on the New York Stock Exchange on Wednesday.
In anticipation of Twitter’s initial public offering this week, San Francisco Mayor Ed Lee took a stroll down Market Street on Monday to check out and assess the rapidly changing Mid-Market area.
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 says it will sell more than 70M shares between $17 and $20 per share in its IPO .