Seek news on
InfoAnda
powered by
Google
Custom Search

Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r

wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php


Wednesday, 2 November 2011 - Analysis: Groupon IPO to test nascent private stock markets |
  • Pakistanis angry over detentions in Times Sq. case
    Monday, May 24, 2010
    ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
    They
  • Taiwan denies boycotting Australian film festival
    Thursday, August 6, 2009

    AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
  • Merkel's support dips, regional ally resigns International
    Thursday, September 3, 2009

    By Sarah Marsh and Noah Barkin

    BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
  • Minister seeks closure of anti-Berlusconi websites
    Wednesday, December 16, 2009
    ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
  • Asian markets mixed after Wall Street rally
    Wednesday, March 18, 2009

    By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
  • Major Storm System Batters Southern California | 21 January 2010
  • Iran to begin operation of 1st nuclear power plant | 22 February 2009
  • Prolific American film director Sidney Lumet dies | | 10 April 2011
  • Malaysia mulls cutting diesel subsidy to boost biofuel | 4 October 2010


    Forum Views () Forum Replies ()

    Read more with google mobile : Analysis: Groupon IPO to test nascent private stock markets |

      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon John Lloyd Jack Shafer Breakingviews David Rohde Bernd Debusmann Gregg Easterbrook Nader Mousavizadeh James Saft David Cay Johnston Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Newsmaker Money Money Home Analyst Research Global Investing MuniLand Reuters Money Blog John Wasik Unstructured Finance Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) VIDEO "PETMAN" robot moves like a soldier A humanoid robot designed to test chemically resistant clothing has been revealed by its maker, Boston Dynamics. Funded by the research arm of the U.S. military, the machine mimics human size, physiology and movement to simulate a soldier's behavior.  Video  CT scanners bring ancient mummies to life Searching for emotional link of man and machine Zeebox aims to be "Facebook of TV" Follow Reuters Facebook Twitter RSS YouTube Read U.S. Army soldier arrested on suspicion of espionage 01 Nov 2011 Kim Kardashian denies profiting from TV wedding | 01 Nov 2011 Greek PM wins over cabinet, next up Merkel and Sarkozy | 3:29am EDT Zooey Deschanel separates from Death Cab frontman 01 Nov 2011 Loneliness may cause fitful sleep: study 01 Nov 2011 Discussed 158 Insight: U.S. firms to charge smokers, obese more for healthcare 140 Two abortion clinic employees plead guilty to murder 112 Jobless US vets say military experience not valued Watched Stallone stuntman dies on set Mon, Oct 31 2011 Flight from U.S. makes emergency landing Tue, Nov 1 2011 New CPR technique revives man after 63 minutes without pulse Thu, Oct 27 2011 Analysis: Groupon IPO to test nascent private stock markets Tweet Share this Email Print Related News UPDATE 4-Dunkin' shares fall on secondary offering Tue, Nov 1 2011 Groupon CEO says replacing 10 pct of sales staff Wed, Oct 26 2011 Special Report: Singed by Solyndra Mon, Oct 24 2011 Analysis & Opinion M & A wrap: The man at war with Olympus M & A wrap: MF Global files for bankruptcy Related Topics Technology » Media » Facebook » An online coupon sent via email from Groupon is pictured on a laptop screen November 29, 2010 in Los Angeles. Credit: Reuters/Fred Prouser By Alistair Barr SAN FRANCISCO | Tue Nov 1, 2011 9:10pm EDT SAN FRANCISCO (Reuters) - Groupon Inc's IPO may be the biggest test yet for the nascent private stock exchanges that allow investors to trade the shares of hot start-ups like Facebook Inc before they go public. The daily deals website is the first major company set to price its initial public offering at a valuation far below what it fetched in private exchanges, raising the question of whether Groupon could take the wind out of private markets like SecondMarket and SharesPost. Venture capitalists say some participants of the so-called secondary market could pull back if they suffer huge losses in Groupon. Others argue that such losses are a sign of the market maturing and sophisticated investors should know prices do not always rise. "They're certainly going to be a lot more cautious," said Vladimir Belinsky, president of Hermitage Advisors, which invests in hedge funds and venture capital for wealthy people. He said he would advise his clients to be careful investing in the secondary market. "This is a good thing for the employees -- they get liquidity and have been able to sell into a frenzied market and get more money," Belinsky said. "But I don't think it's so good for investors." Books are expected to close on Thursday for Groupon's IPO, which has an indicative price range that values the company at $10.1 billion to $11.3 billion. There is talk that Groupon may nudge the IPO price higher, but it is unlikely to go anywhere near the value of close to $20 billion that the company fetched in the secondary market this summer. That's bad news for investors such as GSV Capital Corp, an investment fund run by Michael Moe that bought Groupon shares in the secondary market in August at an implied valuation of $16 billion. If Groupon shares do not rise to near that figure after they start trading on Nasdaq, GSV will have to eventually write down the investment to reflect the decline in value, Moe said. "It does speak to the pluses and minuses of participating in private shares," Moe told Reuters. "Our calculations haven't changed, but market sentiment changed in August and September and there were some specific problems with Groupon." MORE ART THAN SCIENCE Moe, former head of technology investment bank ThinkEquity Partners, shepherded GSV through its own IPO this spring, raising about $50 million. The company completed a follow-on offering on Oct 3 to raise more than $29 million. GSV is using the money to invest in private technology companies, often through secondary market transactions. These private exchanges grew up in the wake of the dot-com bust in 2000, set up to match the financing needs of start-ups when IPOs got tough. Their growth has been fueled by keen investor appetite for social networking companies like Facebook and LinkedIn Corp. SharesPost, run by former J.P. Morgan tech banker Dave Weir, and SecondMarket, started by Barry Silbert, are two of the largest such exchanges. Liquidnet launched in October. On SecondMarket, the most followed companies at the end of September were Facebook, Twitter, Groupon, Zynga and Foursquare. It completed a record $167 million worth of private company stock transactions in the third quarter. Such trades in the first three quarters of the year were up 75 percent from the same period last year, at $435 million. Asset managers, hedge funds and venture capital funds made up more than a third of the buyers on SecondMarket in the third quarter. Other accredited investors are wealthy individuals. The concern is that if secondary market investors lose a lot of money in Groupon, some of them may stop buying private company stock. That would reduce liquidity and make the market less attractive to other start-ups. GSV has also bought shares of Facebook in the secondary market. "If people think there's a no-lose proposition in secondary market trading, that's wrong," Moe said. "We're trying to acquire shares in the best private companies at a price we think makes sense for intermediate and long-term returns, but it's definitely an art and science." He added, "Information is less available than with public companies and there's less trading history, so you're depending on your analysis more." Groupon traded at implied valuations of above $19 billion in June and July, according to Wedbush Securities, which makes markets in pre-IPO stock. If Groupon completes its IPO at a valuation of $11.3 billion, that would be more than 40 percent below those levels -- a sharp contrast to LinkedIn and Pandora Media, which priced at above secondary market values. LinkedIn shares closed on Tuesday at $88.90, near double their IPO price of $45, while Pandora shares have fallen to $14.47 compared with their IPO price of $16. SharesPost said it has not facilitated any transactions in Groupon shares. A spokeswoman for SecondMarket declined to comment. PAVE THE WAY Groupon is being closely watched because a good debut could bode well for social games company Zynga, which plans to go public later this month, as well as for Facebook, arguably the most hotly anticipated Internet IPO since Google Inc. Hermitage Advisors's Belinsky owns shares of Facebook, Zynga, Groupon and Twitter through investments in funds of funds, which had exposure to VC firms holding such stakes. He said the holdings are at "early venture-stage valuations," apart from Facebook, which was purchased at a $25 billion valuation. "I loved to see these valuations go sky high. But my fear is that by the time these companies go public the bloom is off the rose and valuations won't be as high," Belinsky said. "We will still get a great return on our investments. But later investors may not generate such big returns." Tom Conaghan, a partner at law firm McDermott Will & Emery, which represents secondary trading platform Gate Technologies, thinks the Groupon IPO may be a sign that the secondary market is maturing. "While early pre-IPO trades in Facebook, Zynga, Twitter and LinkedIn may have made money, ironically enough, losses by pre-IPO Groupon traders may present the true validation for the legitimacy of these secondary markets," he said. "Real investors in healthy markets know that it is not 'all up all the time,'" he added. "I suspect that even those who may incur losses on Groupon will not give up on secondary markets." (Reporting by Alistair Barr, editing by Tiffany Wu, Gary Hill) Technology Media Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

    Other News on Wednesday, 2 November 2011
    Salman Butt, Mohammad Asif found guilty in cricket spot-fixing scandal
    Pistons center Ben Wallace pleads guilty in drunk driving arrest
    Iran imposes indefinite ban on Mohd Nosrati, Rezaei for ‘immoral’ acts
    Baylor, Notre Dame 1-2 in women's basketball coaches' poll
    Kyrgyzstan tells U.S. to give up key NATO airbase
    Camping apologizes for faulty apocalypse predictions
    Door-to-door outreach cuts TB prevalence in Africa
    Korean court sentences U.S. soldier to 10 years for rape
    NATO announces withdrawal from Libya
    Supreme Court hears case on liability of private prison guards
    Flood gate in Thai capital focus of fear, rivalry |
    U.S. army extends curfew in South Korea |
    China's Wen recalls family past of persecution |
    Cannes sheds its black tie image for G20 riot gear |
    Flyers chemistry helping team take off
    Greek PM wins over cabinet, next up Merkel and Sarkozy |
    Trapped Burmese face arrest, extortion to flee Thai floods |
    Browns release wideout Brian Robiskie; make room for back Thomas Clayton
    Syria says reaches deal with Arab League on unrest |
    Georgia running backs Crowell, Thomas and Malcome banned one game
    Jewish body calls on Boehner to return money from Nazi Reenactor
    U.S. relies on two year window to streamline UNESCO fiasco
    Israel to speed up settlement building in West Bank |
    Anglican Church head backs protesters on financial reform |
    Sony slashes annual operating profit forecast by 90 percent |
    Olympus panel aims to hear ex-CEO; need at least month |
    Inmarsat Q3 earnings up 18 percent on LightSquared deal |
    Microsoft software bug linked to Duqu virus |
    Sony's Hirai to address Q2, focus on restructuring |
    WikiLeaks' Assange to learn UK extradition fate |
    Analysis: Groupon IPO to test nascent private stock markets |
    Kim Kardashian denies profiting from TV wedding |
    Zooey Deschanel separates from Death Cab frontman |
    Jackson doctor won't testify as trial nears close |
    Man pleads not guilty to hacking celebrity e-mails |
    Adele dismisses throat cancer rumors |
    Hugh Grant is new father of baby girl |
    Oscar producer Gil Cates dies, age 77 |
    Scarlett Johansson says nothing wrong with nude photos |
    Justin Bieber launches charity effort, holiday album |
    Singer and Glee star Charice's father murdered |
    Arabs await Syrian reply to plan to end unrest |
    PLO to pursue statehood despite Israeli measures |
    Tea tells the future of the climate
    Light drinking linked to breast cancer
    Aircraft carrier-sized asteroid to zip past Earth next week
    UK court denies extradition appeal for WikiLeaks founder
    Three-horse race for Venezuela's anti-Chavez ticket |
    Poor farmers need alternatives to opium
    U.S. stocks rebound Tuesday after steep sell-off Monday
    Hillary Clinton's mother dies at 92
    Bieber a daddy?
    Haiti's rape survivors
    Patriots wideout Julian Edelman faces indecent assault charge
    Crisis mounts around Italy's Berlusconi |
    Army role eyed as Egypt election campaign begins |
    Breakthrough on Yemen power transfer near: EU envoy |
    Egyptian army did not fire at protesters: report |
    Unassuming Polish hero just wants to fly again |
    UK court rules WikiLeaks's Assange should be extradited |
    AOL beats expectations, shares rise |
    Personal navigation devices services help Garmin back on track |
    Angry Birds tops 500 million downloads |
    Lenovo Q2 profit up 88 percent, beats forecast |
    ST-Ericsson breaks Qualcomm Windows Phone monopoly |
    Ousted Olympus CEO wants meeting with investigative panel |
    Die-hard fan builds shrine to Bollywood's Khan |
    A Minute With: Kal Penn on Harold, Kumar and Obama |
    China's Ai Weiwei will fight tax charges to the death |
    Cancer-suffering Korean song contestant rivets nation |
    Greece at new risk of being pushed off euro
    Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
    Female Breasts Are Bigger Than Ever
    AMD Trinity Accelerated Processing Units Now in Volume Production
    The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
    AMD to Start Production of piledriver
    Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
    Islamists Protest Lady Gaga's Concert in Indonesia
    Japan Successfully Broadcasts an 8K Signal Over the Air
    ECB boosts loans to 1 trillion Euro to stop credit crunch
    Egypt : Mohammed Morsi won with 52 percent
    What do you call 100,000 Frenchmen with their hands up
    AMD Launches AMD Embedded R-Series APU Platform
    Fed Should not Ignore Emerging Market Crisis
    Fed casts shadow over India, emerging markets
    Why are Chinese tourists so rude? A few insights

    [InfoAnda] [Home] [This News]



    USD EUR - 1 year graph

    BlogMeter 1.01