Tag Archives: ipo

Kayak to IPO under the name KYAK, valued at $1 billion

Kayak is expected to start trading tomorrow, after waiting nearly a year for the turbulent IPO waters to subside.

Later this afternoon, Kayak is planning to sell 3.5 million shares at $22 to $25 each, to raise as much as $100 million, according to its latest document filed with the Securities and Exchange Commission.

But based on strong demand, the company could end up pricing its shares even higher, reports CNBC.

At the top of its current range, the company would be valued at nearly $1 billion.

The online travel company will trade under the ticker symbol KYAK on the Nasdaq exchange.

 

Keep reading: All Things D - Kayak Finally Set to Take the Plunge Into Uncertain Market

 

 

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Facebook’s first public earnings release, Q2 – July 26

Facebook will give investors and the world their first official look at its post-IPO earning for Q2 2012 at 2pm PST on July 26th, according to a brief note posted to its investor relations page just now. The company’s share price closed at $31.095 today, down $0.265 or 0.85%, but still closer to the $38 IPO price than its been for most of the time since its May 18th public debut.

The company pulled in $1.058 billion in Q1 2012 revenue with a net income of $205 million. Critics will want to see both of those increase and will likely focus on its mobile revenue. Facebook only began showing ads on mobile at the end of February, but monetizing the medium is believed to be the linchpin of Facebook’s future success.

ViaFacebook’s First Public Earnings, Q2 2012, Scheduled For July 26th

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California’s budget troubles – say hello to billions in tax revenue from Facebook’s IPO

California is hoping for another Google-effect like the one that happened in 2005, after the company’s IPO. From 2004 to 2005 the revenue from capital gains taxes in California shot up $14 billion.

Mark Zuckerberg, whose initial public stock offering in two weeks could value the company at $96 billion, will cut in the state for an estimated $189 million in cash, according to calculations from PrivCo, which researches private companies.

The federal government will be in the money too, collecting an estimated $714 million in federal income tax from Zuckerberg.

And that’s just the payout from Zuckerberg. The windfall for California from the rest of the IPO could net California hundreds of millions more.

…the IPO could pump nearly $2.5 billion into state coffers over the next five years.

via LA Times

 

// Photo - Håkan Dahlström

Why Facebook bought Instagram – from Om Malik and Robert Scoble

Both Om Malik and Robert Scoble make interesting points, Facebook paid double for what many considered Instagram to be worth and Facebook desperately needs help with mobile devices.

From Om Malik:

A few days ago Instagram was rumored to be valued at $500 million. A few months ago it was $300 million. Its last round — just a year ago – valued the company at $100 million.

The rising valuation of the company was reflective of the growing audience it has been garnering, despite being just on the iPhone. It had reached nearly 30 million registered users before it launched an Android app.

So the question is:  Why did Mark Zuckerberg buy Instagram at twice the valuation that professional venture investors were putting on it?

From Zuckerberg’s post on Facebook:

This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users. We don’t plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.

My translation: Facebook was scared shitless and knew that for first time in its life it arguably had a competitor that could not only eat its lunch, but also destroy its future prospects. Why? Because Facebook is essentially about photos, and Instagram had found and attacked Facebook’s achilles heel — mobile photo sharing.

 

From Robert Scoble:

Facebook has a problem. After its IPO completes it needs many quarters of strong revenue and profit growth to report to convince investors to stay put and convince new ones to buy the stock.

Zuckerberg is aiming at turning the $80 to $100 billion valuation that will happen at IPO into a $500 billion to $1 trillion company. How will he do that?

Look at mobile.

Today Facebook has NO revenues from mobile. None. That’s amazing, since so many people, hundreds of millions of us, use Facebook on mobile clients.

That will change very quickly after the IPO. Instagram will play a huge role here, plus Facebook gets a very talented mobile development team that has built world-leading mobile apps on iOS and Android (which got a million users in its first day).

Why Bloom is a Game Changer

Wow!

What an exciting day in energy. Today Bloom Energy changed the game with their Bloom Server, here is why.

We all know the story that the vast majority of our energy comes from old (and dirty) power plants that use coal and nuclear energy sources. Well the hidden truth behind these “energy sources” is that all they do is heat water to create steam and move turbines. They make steam!

How ridiculous is that. We can send a robot to Mars but to power my iPhone I need some boiling water?

This ridiculous market paradigm is what Bloom hopes to exploit (and make billions in the process). They ignore the source argument over replacing coal and nuclear with wind, solar, or heat. Instead focusing on the energy process itself and applying advanced technology to wring some efficiency out of it.

K.R. Sridhar, CEO of Bloom, PhD, and former Director of Space Technologies at UofA, did just that. He found that a combination of fuel cells and natural gas can get 2x as much power as the steam process can (using same inputs). In his own words, they did it through old fashioned innovation:

“I call it R&D on steroids,” K.R. Sridhar said at the start-up’s offices. “We created an R&D platform where you continuously improve, validate and test. Learn why it broke and move on.”

That RD process has turned out one of the most promising energy technologies to date (imagine needing half as much coal). A fuel cell made out of sand and coated in a cheap metal “oxide” (they are keeping the recipe a secret). Each cell is super thin and just a few inches wide/long and capable of turning natural gas into electricity.

That is the fuel cell side to all this, although it doesn’t sound at all like traditional fuel cells.

The kicker is that this is not future technology. These fuel cells are already in place at many large business sites. Google is reported to be the first to have installed one while eBay, who hosted the press event, said to have five Bloom Servers providing %15 of their energy. A server is about 4,000 cells jammed into a black box that looks like an IT server.

That is just the beginning. This technology is so promising that everybody is joining the party. The press event was attended by Arnold Schwarzenegger, Colin Powell, Dianne Feinstein, and Michael Bloomberg (“make no mistake, when we look at Bloom, we are looking at the future of business, economy, and America”).

Finally, the VP and CEO’s of FedEx, Walmart, Staples, Google, Coca Cola, Bank of America, Cox, and eBay were on hand to explain why they love Bloom.

A star studded public relations event or the future of energy technology?

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CNet Live Blog Of Bloom Energy Press Event

Engadget Live Blog of Bloom Energy Press Event