...James Holliday April 3, 2011 FI516 IPO Paper Identify the company and its industry. Pandora Media, Inc. is an internet streaming radio service used by more than 80 million listeners. Pandora, which has a catalog of 800,000 songs from more than 80,000 artists, has roughly half the market for Internet radio in 2010, according to a study published in November by Ando Media. Though the service is wildly popular, it has yet to make a profit. The Internet radio station generates playlists based on a user's favorite artist or song. As part of the company's Music Genome Project, songs are analyzed according to musical features -- including details of instrumentation, harmony, lyrics, melody, rhythm, and vocals. Users enter the name of a song, and Pandora creates a playlist of songs with similar characteristics. Pandora's service, free to its more than 80 million registered users and available only in the US, is supported by local and national advertising. Pandora chief strategy officer Tim Westergren founded the company in 2000 and it filed for an IPO in 2011. Discuss important financial and other facts about the company from its SEC filings. In its papers filed with the Securities and Exchange Commission, Pandora reported a $16.8-million loss on $55.2 million in revenue for its fiscal year ended Jan. 31, 2010. From Feb. 1, 2010 through Oct. 31, Pandora narrowed its losses to $328,000 on $90.1 million in revenue. Because Pandora is largely a free service, only 9% of its...
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...MANNING & NAPIER, INC. IPO Paper Manning & Napier, IPO Business Description Manning and Napier, Inc. is an independent investment management firm which provides a broad range of investment solutions through separately managed accounts, mutual funds and ‘ collective investment trust funds. This company also offers equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. Manning and Napier Advisors, LLC (“Manning & Napier) was founded in 1970 and is located in Fairport NY. This company currently employs 450 as of 9/30/2011. According to the SEC S1 registration filing this company’s key executive officers and directors are listed below: Table 1.1 Name William Manning Age 74 Title Chairman Patrick Cunningham 55 Chief Executive Officer and Director Jeffrey S. Coons 48 President Beth H. Galusha 50 Interim Chief Financial Officer Charles H. Stamey 56 Executive Vice President Richard B. Yates 46 Chief Legal Officer and Secretary B. Reuben Auspitz 64 Vice-Chairman SEC Filings On 7/1/2011, Manning & Napier filed its registration statement S-1 for a registration fee of $29, 025. This registration was a preliminary prospectus and was not complete at the time of submission. There we 5 revisions to the original registration statement. This registration included selected combined consolidated statements of income data for the years ended December 31, 2008, 2009 and...
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...Initial Public Offering: Gevo, Inc. FIN516: Advanced Managerial Finance Janice Jensen February 9, 2014 An Initial Public Offering (IPO) is when a private company sells its first stock to the public. This is usually done by company’s who are smaller and or “younger” looking to raise capital in order to expand. It can however be done by larger private companies that want to become public. IPO’s can be a risky investment, as the investors do not know how the stock will do on its first day of trading, in addition, there are not much historical data either. In August 2010, Gevo Inc., filed for IPO with the SEC, which went public in January 2011. Gevo Incorporated was founded in 2005 and known as Mechanotech, Inc. and changed its name in 2006 to Gevo Incorporated. Gevo Incorporated “is a leading renewable chemicals and advanced biofuels company.” (Gevo, 2011) They are looking for alternatives to petroleum-based products, by using “a combination of synthetic biology and chemistry”. (Gevo, 2011) They were founded in 2005 and known as Mechanotech, Inc. and changed its name in 2006 to Gevo Inc. Gevo filed with the SEC for their IPO in August 2010. In their filing with the SEC, Gevo notes that investing with their company provides high degree of risk. They go on to note that those that are interested in investing with them need to consider all the factors. One of the biggest factors is their financial statements have shown losses since their inception and notable in 2007 - $7...
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...Blackstone Group Asset Management Group IPO 2007 Finance 1516 Asset Management Business Asset management involves the management of investments by third-party managers for their investors. Asset managers use various strategies that can be divided into these broad categories: traditional equity, fixed income fund strategies and alternative investment strategies (Blackstone Group LP, 2007). The more traditional asset managers manage and trade portfolios of equity, fixed income and or derivative securities. Assets may be invested in investment companies that are registered under the 1940 Act or through separate account managers on their behalf. The traditional fund manager is normally compensated with fees that are a percentage of assets under their management. Alternative asset managers have predefined risk parameters and investment guidelines and use a variety of strategies to achieve the required returns for their clients (Blackstone Group, 2007). This industry has experienced significant growth in worldwide assets under management in the past ten years, partially due to aging populations in both developed and emerging markets around the world that have increased the pools of savings and particularly pension assets. Blackstone has delivered superior returns with a lower correlation to the broader market than traditional asset management strategies. They have helped their clients diversify their investment portfolios by including...
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...LaToya Roberts-Hill FI516 – Advanced Managerial Finance IPO Paper Dollar General Corporation Dollar General Corporation was founded in 1939 by Cal Turner in Scottsville, Kentucky. The initial concept of Dollar General was that no item in the store would cost more than one dollar. Dollar General Stores are normally located in small shopping plazas or strip malls in local neighborhoods. In recent years, Dollar General has started constructing more stand-alone stores, mostly in areas that are not served by other general merchandise retailers. Today, Dollar General Headquarters is located in Goodlettsville, TN. Dollar General offers both name brand and generic products, including off-brand goods and close- outs of name-brand items to its consumers. Dollar General has also begun to offer a greater selection of grocery items including frozen foods similar to that of a grocery store. The Dollar General Stores that carry the grocery and frozen products are similar to Wal-Mart Supercenter, thought they are much smaller, operate under the name of Dollar General Market. Dollar General serves communities that are too small for larger retail chains such as Wal-Mart. Its competitors are national chains such as Family Dollar, Dollar Tree, and Fred’s in the southeast. By 1957, Dollar General had 29 stores and their annual sale for these stores was around $5 million. Dollar General has also been connected with motorsports like NASCAR. It is now sponsoring Turner Motorsports...
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...†iwR÷vW© bs wW G-1 evsjv‡`k AwZwi³ msL¨v KZ…©c¶ KZ…©K cÖKvwkZ †M‡RU e„n¯úwZevi, gvP© 19, 2009 [ †emiKvwi e¨w³ Ges K‡c©v‡ikb KZ©„K A‡_©i wewbg‡q RvixK…Z weÁvcb I †bvwUkmg~n ] SECURITIES AND EXCHANGE COMMISSION Jiban Bima Tower (15, 16 & 20th Floor) 10 Dilkusha C/A, Dhaka-1000, Bangladesh NOTIFICATION Dated, the 11th March, 2009 No. SEC/CMRRCD/2008-186/Admin/03-29⎯In exercise of power conferred by section 33 of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), the Securities and Exchange Commission makes, after prior circulation, the following further amendments in the Securities and Exchange Commission (Public Issue) Rules, 2006, namely :⎯ In the aforesaid Rules,⎯ 1. In rule (2), for sub-rule (1) the following sub-rule (1) shall be substituted, namely :⎯ “(1) In these Rules, unless there is anything repugnant in the subject or context,⎯ (a) “associate” means any partner, employee or officer of a company or a body corporate over which the directors or subscribers to the Memorandum of Association and Articles of Association can exercise significant influence or control; ( 2445 ) g~j¨ t UvKv 6.00 2446 (b) evsjv‡`k †M‡RU, AwZwi³, gvP© 19, 2009 “banker to the issue” means any bank so named in the prospectus to collect money as subscription against security; “bidders” means the eligible institutional investors; “book-building method” means the process by which an issuer attempts to determine the price to offer its security based on demand...
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...AT&T Wireless IPO Paper AT&T Wireless is a provider of telecommunications services in the United States and worldwide. Services offered include wireless communications, local exchange services and long-distance services. AT&T operates in four segments: Wireless, Wire line, Advertising Solutions and Other. Its Wireless subsidiaries provide both wireless voice and data communications services across the United States, and through roaming agreements, in a substantial number of foreign countries According to AT&T Wireless SEC filing, On July 12, 2013, AT&T Inc. (“AT&T”) entered into an Agreement and Plan of Merger with Leap Wireless International, Inc. AT&T will acquire Leap in a transaction in which Leap stockholders would receive $15.00 in cash for each outstanding share of Leap’s common stock, plus one non-transferable contingent value right (“CVR”) per share (together, the “Merger Consideration”). AT&T announced on July 23, 2013 that second-quarter 2013 net income attributable to AT&T totaled $3.8 billion, or $0.71 per diluted share, compared to net income attributable to AT&T of $3.9 billion, or $0.66 per diluted share, in the second quarter of 2012. For its second-quarter 2013 revenues were $32.1 billion, up $500 million, or 1.6 percent, from the second-quarter 2012. The increase in revenues reflected higher wireless data and equipment revenues and increased wire line data revenues partially offset by declines in wire line voice and wireless voice and text revenues, as...
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...RUNNING HEAD: IPO Paper IPO Paper - Chipotle Mexican Grill Advanced Managerial Finance– FI_516 – Fall_B Keller Graduate School of Management of DeVry University February 6, 2012 IPO Paper – Chipotle Mexican Grill Chipotle Mexican Grill, Inc. (Chipotle) is a chain of restaurants in the United States, Canada, and today around the world specializing in burritos and tacos, founded by Steve Ells in 1993 and based in Denver, Colorado. The name derives from "chipotle", the Mexican Spanish name for a smoked, dried jalapeño chili pepper. The restaurant is known for its large burritos, assembly line production and use of natural ingredients. The company has released a mission statement called “Food with Integrity”, which highlights its efforts in using organic ingredients, and serves more naturally raised meat than any other restaurant. Chipotle is one of the first chains of fast casual dining establishments. From 1998 to 2006, McDonald's Corporation owned a majority interest in Chipotle, from which it fully divested in 2006. The company currently has more than 1100 locations, with restaurants in 41 states, Washington, D.C., Toronto, Ontario, and London, England. Its net income in 2010 was $178 million, and it has a staff of over 26,500 employees. Overall revenue for Chipotle in 2004 was $470.7 million, a 130% increase from 2002 and a 49% increase from 2003, this was driven by new store openings and increased average sales. Average store sales grew from $1,056,000 for...
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...Bambang Elementary School Los Baños Laguna Pay-per Me-ché Livelihood Project I. Rationale Appreciation of the arts is most prominent in children during their primary education. Moreover, children learn easier and faster through graphic aids and pictures than studying purely by text. This implies that arts is an effective way of teaching lessons and values to the youth. Two of the key values necessary for community development are entrepreneurship and creativity. Thus, it would be advantageous to implant these values at an early age so as there will be more room for development in the future. In order to effectively impart these key values to the youth, certain activities must be conducted that will not only introduce the said values but also enhance it. The proposed training program entitled Pay-per Me-ché is designed specifically so that the Grade 6 and SPED students of Bambang Elementary School will learn some ways on having a livelihood project that they can adopt as early as now for a long-term means of profit and at the same time is appropriate for their age. The Pay-per Me-ché livelihood project will be conducted in cooperation with the faculty of Bambang Elementary School for a more efficient implementation. II. Goal The livelihood project aims to: * Enhance and instill to the students the value of creativity * Enhance and instill to the students the value of entrepreneurship * Provide the community (youth) an alternate means of...
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...existing production capacity of paper manufacturing of 1, 75,000 TPA and pulping facility of 1,25,000 tpa. | | • One of the Biggest Mill in the world based on Wheat Straw with "METSO Continuous Digester". | | | • METSO Fibre line with ECF Bleaching sequence of O-D-E (OP)-D to get pulp brightness of 88% ISO. | | | • Ultra modern Paper Machine by Allimand, France( Asizer, coated paper). | | | • First mill in india to have brand new Bielomatik machine from Germany specially designed for US Letter size copier. | | | • Upgraded Packaging and Converting Section with latest equipment (Lino metic cutter , Allimand Winder, Wills A4 cutter, Pasaban Sheeter, Automatic Packing machine & many more). | | | • First Mill in the world to use ECF bleaching and Oxygen Delignification on Wheat Straw. | | | • First Mill in India to Adopt Fuzzy logic for Burner Management in Limekiln. | | | • Recovery Boiler and Power Boiler designed for Low emission level less than 75 mg/Nm3. | | | • Evaporators designed for high solids with higher steam economy. | | | • Flexibility of operations and Raw material mix. | | | • Latest DCS and Energy efficient equipments ordered. | | | • Production of Eco friendly and Value added papers for better Eco System. | | | • Auto reel cutting, auto reel wrapping and auto sheeting to get perfect finish product. | | | • ECH Will's cutter for perfect finish branded copier paper. | | Product Range...
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...Recession "This time is really different. Large and small are all affected. In the past, the big waves would only wash away the sand and leave the rocks. Now the waves are so big, even some rocks are being washed away." - Cheung Yan, co founder and Chairwoman of Nine Dragons Paper2 The first week of January, 2009, was proving to be a challenge for Nine Dragon’s Paper. The company had to repeatedly deny rumors that it was on the edge of bankruptcy. A variety of media reports over the past two weeks had reported that the company’s inability to service its debt would lead to a bankruptcy filing. Incorporated in Hong Kong in 1995, Nine Dragons Paper (Holdings) Limited, had become an international powerhouse in the paper industry. The company's primary product was linerboard, with a product line including kraftlinerboard, testlinerboard and white top linerboard in a portfolio of paperboard products used to manufacture consumer product packaging. The company had expanded rapidly and spent extensively. But by January 2009 the world economy was spiraling downward. Squeezed by market conditions and burdened by debt, Nine Dragons Paper (NDP), the largest paperboard manufacturer in Asia and second largest in the world, saw its share price drop to HK$ 2.33, 90% off its high and less than half of book value. As the economic crisis of 2008 bled into 2009, export-oriented industries suffered. Rumors had been buzzing since October that NDP was on the ropes. It was carrying so much debt that more...
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...Running Header: IPO Assignment: Dunkin’ Brands Group, Inc. Dunkin’ Brands Group, Inc. FI516- Advanced Financial Management August 12, 2012 Introduction The company chosen for this assignment is Dunkin' Brands Group, Inc. (NASDAQ: DNKN). With approximately 16,800 points of distribution in nearly sixty countries worldwide, Dunkin' Brands Group, Inc. is one of the world's leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. Its franchised business model comprises 9,760 Dunkin’ Donuts restaurants and 6,433 Baskin-Robbins restaurants. Dunkin’ Brand’s competitors include: 7-Eleven, Burger King, Cold Stone Creamery, Dairy Queen, McDonald’s, Quick Trip, Starbucks, Subway, Tim Horton’s, WaWa and Wendy’s, among others (Google Finance, 2012). Additionally, Dunkin’ Brands competes with other QSRs, specialty restaurants and other retail concepts for prime restaurant locations and qualified franchisees. As of December 31, 2011, it had 10,083 Dunkin’ Donuts restaurants in 36 states, the District of Columbia, and 31 other countries; and 6,711 Baskin-Robbins restaurants in 44 states, the District of Columbia, and 48 other countries. The company also leases restaurant properties. With approximately 120 years of combined history Dunkin’ Brands Group, Inc. is headquartered in Canton, Massachusetts (Yahoo Finance, 2012). According to...
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...writing. In fact, the three universities that I have attended in the past have all required me to use the APA style of writing. As I recall my high school years, the APA style of writing also seemed to be a favorite amongst my high school teachers. They all required that term papers be written in APA style as well. This type of writing actually does not differ much from the ones included in the text reading. The text mentioned the APA style of writing several times. In my opinion, it appears to be the most popular style of writing, especially amongst college students. Based on the results of the quizzes, my grammar skills were actually a little better than average. I actually had expected to do better, but I guess my grammar skills are not as good as I thought they were. In any event I feel very confident when it comes to spelling, as I have always been a great speller. Even in grade school, I was a good speller. I learned at a very young age to challenge myself when it comes to spelling. Challenging my-self in that area really paid off as I became older, as I’ve never had a problem with spelling. However, I feel that I need more help with run on sentences and with thought patterns. Though I proof read my paper several times, it’s hard for me to see that I have several run on sentences until after I get my grade back. In general, I feel that my writing is just mediocre. However, I also believe that when it comes to writing, I am my own worst critic. Reason being, I am never...
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...computer and communications equipment (owned by MIS) magnetic media (owned by Manager) power supplies and plant, such as air-conditioning units (owned by MIS) Software assets (owned by MIS) • • • • application software system software development tools utilities Information assets (owned by Manager or MIS) ‘Information’ means information held by the Company on its own behalf and that entrusted to it by others. The following are examples of the media which may contain or comprise information assets. • • • • • • • • • • databases and data files system documentation user manuals training material operational or support procedures continuity plans and fallback arrangements back-up media on-line magnetic media off-line magnetic media paper Services • • computing and communications services (owned by MIS) heating, lighting and power (owned by Manager or Building Services Manager) 1 17/01/03 First•Base Technologies Town Hall Chambers High Street Shoreham-by-Sea West Sussex BN43 5DD UK Tel: +44 (01273 454 525 Fax: +44 (0)1273 454 526 info@firstbase.co.uk Guidance on Information Classification Categories for classifying document security Category 1 : Routine (non-confidential) documents Description: All documents of a routine nature. Effects of disclosure: No measurable damage to the company or a department. Examples: Normal memos, routine reports, circulars. Estimated occurrence of this classification: More than 80% of all documents would be within this class...
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...TO: FROM: SUBJECT: DATE: CC: [CLICK HERE AND TYPE NAME] SAMUEL NEWMAN-BREMANG [CLICK HERE AND TYPE SUBJECT] OCTOBER 22, 2013 [CLICK HERE AND TYPE NAME] C R E A T I N G W A T E R M A R KS I N M I C R O S O F T W O R D [Note: Some steps may vary in Word 97. For additional help, search for “watermark” in the product help or on the Microsoft support site at http://support.microsoft.com.] A watermark is any text or graphic image (such as the “Draft” in the background of this document) that is printed to overlap existing text in a document. A logo printed lightly behind a letter or the word "Confidential" printed lightly on a contract are other examples of watermarks. The rotated “Draft” watermark on this page was created using the Word Art feature. You can insert pictures (such as a logo) from a file or using Clip Art. All three features can be found by clicking on Picture in the Insert menu. To view a watermark as it will appear on the printed page, click Print Layout on the View menu or click Print Preview on the File menu. The watermark will print on every page of this document, just like headers and footers. To edit the watermark or insert a new one, you need to click Header and Footer on the View menu. TO FORMAT A WORDART WATERMARK (LIKE THIS “DRAFT” EXAMPLE): Use the WordArt… command on the Format menu to choose your desired settings for your watermark. There are multiple tabs in that dialog. Use the “Colors and Lines” tab to set the color and transparency. (This “draft”...
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