NEW YORK (Reuters) - Blackstone Group LP urged a federal appeals court not to revive an investor lawsuit accusing it of hiding bad investments before raising $4.7 billion in its 2007 initial public offering.
By Gerry Sullivan: The Facebook (FB) initial public offering has been filed and, according to the prospectus, the company plans to sell 337.4 million shares in a range between $28 and $35. At the $31.50 midpoint, the offering will be $10.6 billion. The Morgan Stanley-managed offering is expected to be priced Thursday, May 17, and begin trading Friday, May 18.
By Abe Garver:As an investment banker focused on the web-only e-commerce sector, and creator of the Web-only Retail Index, a diverse group of constituents have asked me to comment on Facebook's (FB) IPO and the outlook for the company.
Whenever a newly public stock falls quickly below its offering price, it's known in Wall Street speak as a broken or busted IPO.
NEW YORK (Reuters) - HD Supply, a one-time division of Home Depot Inc that was taken private for $8.5 billion in 2007, has chosen Bank of America Merrill Lynch , Barclays and JPMorgan Chase to lead a proposed initial public offering, people familiar with the matter said. Credit Suisse Group is also among the four banks chosen to lead the IPO, which would come six years after private equity firms Bain Capital, Carlyle Group and Clayton, Dubilier & Rice led the buyout, the people said on Friday. The people asked not to be named because the decision is not public. ...
NEW YORK (Reuters) - Technology products retailer CDW, which was taken private by Madison Dearborn Partners LLC and Providence Equity Partners for $7.3 billion in 2007, has hired banks for an initial public offering later this year, people familiar with the matter said. CDW, which sells products from companies including Apple, Hewlett-Packard and International Business Machine online and through its catalog, has hired JPMorgan Chase & Co, Barclays PLC and Goldman Sachs Group to lead the offering, the people said on Thursday. ...
Renaissance Capital IPO Research submits:
Vanguard Health Systems, Inc., which operates 26 acute care and specialty hospitals in five US states, filed on Friday with the SEC to raise up to $600 million in an initial public offering. The Nashville, TN-based company was founded in 1997 and booked $3.6 billion in sales and $337 million in adjusted EBITDA for the 12 months ended December 31, 2010.