Initial Public Offerings Paper Michael Walls, James Denton, Katie Rink, Lisa Johnson FIN370 July 28, 2014 Deneisha Johnson Initial Public Offerings Paper Many giant corporations seek the opportunity to make their companies grow, such as merging or acquisitions from another company. There is one thing a company can do in order to grow their company that is to make an Initial Public Offering. Companies like Facebook, Apple, or Microsoft at one point in the beginning have stepped into the stock
Words: 916 - Pages: 4
JetBlue Management decided to price the IPO of JetBlue at despite that it was during one of the worst periods in airline history. The IPO was initially priced at $22-24 per share, it was later adjusted to $25 to $26 per share due to excessive demand. On the first day of trading in April 2002, shares of JetBlue (JBLU) closed at $45, up $18 from the offer price of $27, a gain of 67% in one day. On August 1, 2013 JBLU closed at $6.59. The decision to go public As noted in the JetBlue Prospectus
Words: 2299 - Pages: 10
Zynga makes big financial bets on building potential mega-hits and stays public. The first strategy Zynga has is to stay public, and not sell to a private investor. At their current price, yes, Zynga can go private, but it doesn’t mean that will happen. There are four main benefits for Zynga to stay public and those benefits are cash, credibility, currency, and liquidity. First off, staying public will save Zynga cash. A typical IPO will raise between $100 million to $150 million. Of course, in some
Words: 808 - Pages: 4
entrepreneurial teams. * Monitor and guide their portfolio companies into a profitable well-managed company. * Investment Bank Underwriters * Provide advisory financial services to private companies who wish to proceed with an initial public offering. * Price offerings * Underwrite shares * Introduce profitable well-managed companies to investors to help companies raise funds and recommend sound investments to investors. * Sell-Side Analysts * Follow
Words: 583 - Pages: 3
monitoring. According to Roadmap for an IPO, private companies pondering on going public should consider the following: 1. Internal control: Management, like the CEO and CFO, is required by section 404 of SOX to provide certifications in periodic filings (usually quarterly) regarding the evaluation of the effectiveness of the company’s internal control over financial reporting (Pricewaterhouse Coopers, LLC, 2010). Companies contemplating on going public should discuss their section 404 plan and
Words: 820 - Pages: 4
2010 Dr. Albert Smothers Gene One Change Strategy Every company has a strategic plan whether well defined or organized or not. Gene One has decided to change it strategic plan and focus on becoming and seek an IPO (University of Phoenix, Gene One Scenario, 2010). Through these efforts many questions and roadblocks may arise. Gene One has decided to make an aggressive attempt to confront these challenges to help ensure their goals are meet. Anytime a company changes directions it is imperative
Words: 1181 - Pages: 5
VAULT Founded in 1996, Vault is the leading global media company focused on careers. With offices in North America, Europe, India and Asia, Vault provides graduates and young professionals worldwide with insider information on careers and education through its award-winning web sites and career guides. CAR E E RS VAU LT CA R E E R G U I D E TO INVESTMENT BAN KING A S I A P A C I F I C E D I T I O N INVESTMENT BANKING JUNG B. LEE, TOM LOTT and the staff of vault © 2008 Vault
Words: 10918 - Pages: 44
ISSUE MANAGER REPUTATION, UNDERPRICING LONGAND LONG-RUN PERFORMANCE OF INITIAL PUBLIC OFFERINGS: EVIDENCE FROM THE SINGAPORE IPO MARKET VOON PEIJUN (Bachelor of Business Administration (Hons), NUS) A THESIS SUBMITTED FOR THE DEGREE OF MASTERS OF SCIENCE (BUSINESS) DEPART DEPARTMENT OF FINANCE AND ACCOUNTING NATIONAL UNIVERSITY OF SINGAPORE 2009 ACKNOWLEDGEMENT I would like to express my warmest gratitude to Professor Michael Shih for his patient guidance and encouragement all this
Words: 28110 - Pages: 113
VAULT Founded in 1996, Vault is the leading global media company focused on careers. With offices in North America, Europe, India and Asia, Vault provides graduates and young professionals worldwide with insider information on careers and education through its award-winning web sites and career guides. CAR E E RS VAU LT CA R E E R G U I D E TO INVESTMENT BAN KING A S I A P A C I F I C E D I T I O N INVESTMENT BANKING JUNG B. LEE, TOM LOTT and the staff of vault © 2008 Vault.com Inc.
Words: 10955 - Pages: 44
Rebeka Ramos Panther ID - 1948265 ACG – 6175 Case 3: United Parcel Service’s IPO 1. How is UPS performing? Back up your assessment with your financial analysis. What factors are driving this performance? Since it first opened for business 1907, UPS has proven to be a worthy competitor and more importantly a threat to be taken seriously. By 1999, after almost a century in business, UPS had captured 51% market share of the $43 billion dollar US package delivery industry. That same year they
Words: 1111 - Pages: 5
