Now we have a date (May 18) and a price range ($28 to $35 per share) for what could be the biggest initial public offering in the history of tech stocks: Facebook. The company has grown by leaps and bounds since it was born in Mark Zuckerberg's dorm at Harvard in 2004, and now could make Zuckerberg richer than Microsoft CEO Steve Ballmer. If the IPO prices at the high end of the range, $35 per share, Zuckerberg could be worth $17.
RHI Entertainment, a producer of TV miniseries, priced its initial public stock offering late Tuesday at $14 a share, below the $16-to-$18 range the company had hoped to get. The company had hoped to raise as much as $225 million b... Read Post
An initial public offering of 10 million shares of Safe Bulkers, a Greek shipping company, was priced at $19 per share, a dollar below the low end of its target range, the underwriter said on Wednesday. The company, which ships bul... Read Post