Marin Software soars, West falls in IPO debut
Two tech IPOs hit the U.S. stock market on Friday. Marin Software jumps, but West Corp. falls after pricing below its indicated range.
Dell in $24.4B Founder-Led Deal to Go Private
ROUND ROCK, Texas — Slumping personal computer maker Dell is bowing out of the stock market in a $24.4 billion buyout that represents the largest deal of its kind since the Great Recession dried up the financing for such risky maneuvers. The complex agreement announced Tuesday will allow Dell’s management to attempt a company turnaround away from the glare and financial pressures of Wall Street. Dell stockholders will be paid $13.65 per share to leave the company on its own. That’s better than $11 level the stock was hovering at before word of the buyout talks trickled out last month, but a steep markdown from the shares’ price of $26 less than five years ago. Once the sale to a group of investors that includes investment firm Silver Lake is finalized, Dell’s stock will stop trading on the Nasdaq nearly 25 years after the Round Rock, Texas, company raised $30 million in an initial public offering of stock. Microsoft Corp. is investing in the deal with a $2 billion loan. The company ...
SolarCity's IPO Jumps After Price Cut
SolarCity Corp.'s surged 47% to $11.79 Thursday in its debut on the Nasdaq Stock Market, overcoming setbacks in the run-up to the solar-panel-installation company's IPO.
IPO Report: Workday IPO marks return of Dave Duffield
Workday is set to go public this week having emerged as an important player in the cloud computing trend in corporate tech. The IPO also marks the return of Dave Duffield, who lost PeopleSoft to rival Oracle Corp. eight years ago.
Santander's Mexican Unit Rises in IPO Debut
U.S.-listed shares of Banco Santander's Mexican unit edged higher in their public trading debut, in what was the biggest listing to hit U.S. exchanges since Facebook in May.