China's iKang Goubin Healthcare is looking to launch an initial public offering, possibly in NASDAQ, next year. Before the proposed exit, iKang secured a USD100 million joint investment by Goldman Sachs & Co. and sovereign wealth fund Government of Singapore Investment Corporation.
Tags: Wall Street
WellPoint to sell online contact lens business to private equity firm Thomas H. Lee Partners
Health insurer WellPoint Inc. on Tuesday announced that it would sell its online contact lens business 1-800 Contacts to private equity firm Thomas H. Lee Partners for an undisclosed sum. WellPoint bought 1-800 Contacts for about $900 million.
66-year old investor exits entire holding in Twitter as shares drop by $5.91
Reuben Kressel, a 66-year old investor, completely sold his entire holding in Twitter Inc. after its shares dropped as much as $5.91 or 8% on Friday's market close. Kressel owns 500 shares in the micro-blogging site.
Ares Management dismisses Wall Street banks' call for IPO
Wall Street banks including JPMorgan, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley have been calling on private equity firm Ares Management to go public soon. Ares, however, does not see the need for a public offering in the near future.
Wall Street will be moving hundreds of millions into Bitcoin - SecondMarket chief
SecondMarket founder and chief executive Barry Silbert claimed in an article on Entrepreneur that Wall Street will soon invest their money in hundreds of millions into Bitcoin.
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Russia's state-run oil firm Rosneft is looking to acquire Morgan Stanley's oil trading business for an unspecified amount. Morgan Stanley has been trying to sell or spin off the said business unit over a year ago.
Former US Treasury Secretary Timothy Geithner will be joining global private equity firm Warburg Pincus LLC in March. Geithner became notable for his role during the US financial crisis.
SAC Capital pleaded guilty to five counts of criminal charges amounting to USD1.2 billion in penalty.
Both Wall Street and Silicon Valley await how the market responds to Twitter's IPO. Twitter's IPO is not just about shares held by investors and employees.
Mobile advertising revenues would play a huge role in Facebook's continued favor with investors, a Reuters report said.
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.
Bankers might be disappointed with Wall Street as firms would be setting aside more money for investors.
US stocks rose last Friday as investors were hopeful for the government to reach an agreement over the weekend to end the partial deadlock of the US government.
Tweeter Home Entertainment Group was assigned a new trading symbol to avoid investor confusion when Twitter Inc. would start its public offering debut.
