Chinese online classifieds marketplace 58.com would be selling American Depository Shares (ADS) at USD17 apiece starting today on the New York Stock Exchange.
Consumer Web/Social Media
Tech entrepreneurship proves to be the answer for Greece’s economy
Greece’s growing tech scene has aided in the recovery of the country’s economy. According to a Reuters column article, Greece suffered an unemployment rate of 27.
Mobile advertising key to Facebook's continued favor with Wall Street- report
Mobile advertising revenues would play a huge role in Facebook's continued favor with investors, a Reuters report said.
Facebook beats analysts target shares but ad frequency unchanged
Facebook ad frequency remained unchanged despite a double in company shares. On Wednesday, Facebook Inc. posted impressive growth in the mobile advertising business.
Twitter IPO target pushed up by Wall Street brokerages
Twitter initial public offerings increased to USD26 per share by The Wall Street brokerage. On Friday, Morningstar united with three brokerages after setting price aim for Twitter Inc.
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Facebook refused to boost frequency of mobile ads, which led to a 3% drop in sales. On Wednesday, Facebook Inc. displayed strong growth in the mobile advertising business.
Twitter invited potential investors on Wednesday for a luncheon in preparation for the microblogging site's initial public offering.
Facebook reviewed number of ads in relation to revenue growth and number of users. Due to the number of advertisements on Facebook, younger teens had not been using the site.
Firms stand to earn nearly USD50 million from the Twitter IPO. During the visit of Twitter to New York last week, executives of JP Morgan Chase & Co had mingled outside their offices with jackets emblazoned with the logo of the microblogging site.
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
Fund managers said they were optimistic about Twitter's upcoming debut. Institutional investors expressed confidence about the initial public offering of social media company Twitter Inc.
French advertiser Criteo raised USD 250 million from its IPO. France-based firm Criteo raised USD 250 million from its initial public offering in the US.
IfOnly was able to raise USD 12 million from investors in a round led by New Enterprise Associates. San Francisco-based startup IfOnly gathered USD 12 million in capital commitments from various investors.
Nexon Co would be doing more deals to enhance market share and increase revenues in North America. Japanese online games maker Nexon Co said it would be looking more deals to increase its revenues in the US.
