Posts Tagged IPO
Twitter Says No Plans for IPO or Fundraising on the Horizon
Posted by Oksana Grebenjuk in Trading Markets on Март 8th, 2011
Investors looking to tweet about a Twitter IPO found their hopes shot down Thursday for at least the next 12 months. Twitter co-founder Biz Stone (pictured), speaking at a conference in Seoul, Korea, rejected talk of an IPO. He also punctured the widely reported notion, according to Reuters, that the popular microblogging social networking site was in talks to sell a 10% stake to JPMorgan Chase for $450 million — which would have jacked up the site’s valuation to $4.5 billion.
Twitter’s IPO denial is nothing new, and Stone’s comments that the company re are no plans over the next 12 months to raise further funds is not surprising after its $200 million funding round announced last December, which valued the company at $3.7 billion. But Stone’s comments suggested that investors may have a long wait and threw cold water on the notion that JPMorgan (JPM) is lining up to fund the company.
Stone’s comments sent users of the service into a tweet storm.
Geraldebner tweets: «Twitter has no plans to go public: founder: Biz Stone also dismissed reports JPMorgan Chase & Co. was in talks.»
D_K_BRANTLEY tweets: «Thank God — stop giving JPM business! «@NewYorkPost: Twitter says no plans for IPO; $450M sale to JPMorgan ‘made up»
Andrewquinn tweets: «Stone tells Rtrs no IPO or need for additional funds…says (surprise) they making plenty money as it is»
Stone, according to the Reuters report, said in reference to an IPO: «We have so many other things before we even think about that.» Read the rest of this entry »
How To Rob An Individual Investor
Posted by Oksana Grebenjuk in Investing on Июнь 29th, 2010
THE RICH HAVE BEEN DOING IT TO THE POOR SINCE THE BEGINNING OF TIME.
Fortunately for us, it’s a heck of a lot more blatant (and therefore easier to spot) on Wall Street than it is in many places.
Some call it a «hustle». Others call it a «con job». Whatever your pet name for it is, one thing is certain: if you don’t see it coming, you’ll likely wind up much poorer as a result and very, very sorry you ever ran into it.
On Wall Street, as opposed to Main Street, the con takes a couple of different shapes. One is the famous and well discussed «bucket-shop hustle».
Now, many people automatically think of small, dingy firms – akin to a boiler room – when they hear the name «bucket-shop». But those firms are responsible for a small fraction of the damage done to individual investors. To this very day, the most harmful «bucket-shop» practices are engaged in by many of the largest brokerage firms in the world.
It goes a little something like this: you get a call from a well-intentioned broker who has the «deal of a lifetime» for you. After getting you all worked up into a lather, you’re convinced that it’s something you should purchase. What you don’t know is that the broker who just convinced you to buy shares of XYZ was secretly selling them for one of the firm’s largest customers. Before you know it, you’re left holding shares of a stock or bond that have decreased in value by as much as 90%. Read the rest of this entry »
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