Textbook rentals and academic services company Chegg priced its IPO at USD12.50 per share. The startup exceeded expectations after initially pricing its share at USD9.50 to USD11.50 per share.
Tags: New York Stock Exchange
Hilton Worldwide raises over $2.3 bln in biggest-ever hotel IPO
Hilton Worldwide Inc, the world's largest hotel operator, raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of the range.
Hedge fund Hayman Capital takes stake in GM-report
Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock is poised to rise more than 40 percent over the next 12-18 months after the U.S.
Abercrombie shares soar after bowing to activist investor pressure
American retail chain Abercrombie & Fitch's shares increased by 5.8% to USD35.99 per share after activist investor Engaged Capital urged the firm to change its leadership and explore a possible sale.
Singapore government acquires stake in Bollywood distributor
Fullerton, an investment fund run by Singaporean sovereign wealth fund Temasek Holdings, has acquired 5 million shares in Bollywood film distributor Eros International at USD11 apiece.
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A Forbes contributing article by an economist said Twitter's massive hype could not save itself from faring better on the stock market in the long-run.
Since the Facebook bungle, Nasdaq had been hard pressed to recover to list more tech IPO stocks in its fold.
Twitter announced that it had set its IPO price at USD26 per share and will start trading on the New York Stock Exchange on Thursday.
U.S. office retailer Office Depot Inc. completed a USD976 million merger deal with smaller rival OfficeMax Inc.
A poll taken by AP-CNBC showed that almost half of active investors think that Twitter is a bad buy.
Container Store Group Inc had planned to raise USD225 million during its IPO. Storage and organization products retailer Container Store Group Inc had laid out plans to sell USD225 million worth of shares in its US IPO.
A filing with the US Securities and Exchange Commission showed that the holding company of Chinese app maker GO Launcher planned to get listed on the New York Stock Exchange.
In order to avoid the fiasco of Facebook on the NASDAQ, the NYSE ran simulated IPO tests to iron out glitches and kinks in its systems.
A projected USD150 million would be earned when 500.com lists its shares for an IPO at the New York Stock Exchange.
