Calgary-based SMART Technologies won’t be bothering those entities that compute the league tables. The firm, which completed a $660-million initial public offering nearly three years back — a performance that was 10% larger than originally expected and which gave the underwriters involved credits in the league tables — has decided “not to proceed with its previously announced senior secured notes offering at this time.”
SAN FRANCISCO (Reuters) - Zynga Inc's management on Wednesday pleaded for more time for its turnaround effort after the online game maker forecast a steeper-than-expected loss for the current quarter, sending its shares lower.
Michael Kors Holdings Ltd, the US luxury fashion and accessories brand, announced that it was preparing an initial public offering in New York, hoping to raise about $900 million.The company, whose shares will be listed on the New York Stock Exchange under the symbol KORS, will offer up to 47.96 million shares, including eventual over-allotment options if demand is strong, at $17 to $19 a share.That would represent a possible total of $911 million, according to the prospectus filed with the Securities and Exchange Commission and available online.
Online games giant Zynga is on track for a stock market debut in mid-December, the New York Times reported Wednesday.It cited an unnamed source as saying the company -- maker of Cityville and Farmville -- would revise its prospectus by the end of the week and be on track for an initial public offering (IPO) by the middle of next month.The company first filed paperwork for the IPO in July, aiming to raise some $1 billion, but has delayed the move because of market volatility. It is expected to command a market valuation of $15-20 billion.