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.
Stocks are pushing further into record territory as the Dow Jones industrial average tops 18,000 points for the first time.
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.
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.
Stronger revenue from Twitter sent the company’s stock up 21 percent in early trading Wednesday.
The government said early Thursday that U.S. employers added 288,000 workers last month, far more than economists were expecting. The unemployment rate fell to 6.1 percent.
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.
Less than two months after becoming the first professional athlete to sell shares in his future earnings, 49er tight end Vernon Davis says he’s unwilling to join the San Francisco 49ers until a more lucrative contract can be worked out.
Apple’s resurgent stock may have as much to do with financial engineering as the company’s technological wizardry.
Lock-up periods prevent company insiders from selling stock following an initial public offering. CEO Dick Costolo and co-founders Jack Dorsey and Evan Williams have said that they have no plans to sell their stock when the lock-up expired, 180 days after Twitter’s initial public offering.