stocks

Daily-deals provider Groupon could raise as much as $540 million when it goes public, the company revealed today in a filing with the Securities and Exchange Commission.

According to the filing, Groupon plans to offer 30 million shares of Class A common stock for between $16 and $18 apiece. If it goes public at $18, it could raise the $540 million. Also, if the company sells through its 30 million shares, it can opt to sell another 4.5 million shares to increase the amount it raises to a maximum of $621 million.

Groupon's new filing stands in stark contrast … Read more

Apple's iPhone 4S was called "underwhelming" by some who were hoping for a major update to the company's iPhone 4, but it appears that shareholders are more than happy to see the device launch today.

As consumers scooped up the new device, the company's shares closed up 3.3 percent at $422, the highest closing price on record. The highest intraday share price Apple stock had ever tallied was $422.86, but it never closed this high.

The success of Apple's stock underscores the company's tremendous resilience. As noted, when Apple showed off … Read more

Daily deals provider Groupon might not go public on the inflated valuation that has been floated around over the last few months.

According to The Wall Street Journal, citing IPO analysts, Groupon might be valued at between $5 billion and $10 billion when the company finally offers its shares on the open market. Two major mutual funds that have invested in Groupon, Growth Fund of America and T. Rowe Price, have most recently valued the service provider at $9.5 billion and $8.7 billion, respectively, according to the Journal.

Those valuations stand in stark contrast to what many believed … Read more

Wall Street doesn't appear to be all that worried about Apple's future following the announcement of Steve Jobs' death.

Early trading on the Nasdaq today shows Apple's shares as of this writing to be up as much as 4 percent, to around $384. The company's shares started the day down in the $374-$375 range following yesterday's closing price of $378.25, but have quickly made their way back, seeming to indicate that Wall Street has faith in Apple, even though its iconic co-founder has died.

Apple announced last night that Jobs had died after … Read more

Research In Motion's top executives, including co-CEOs Jim Balsillie and Mike Lazaridis, have not purchased any of the company's shares on the open market since last year, a new report claims.

According to Bloomberg, which compiled data on stock purchases made by RIM executives, none of the company's "insiders" has acquired shares on the open market since July 2010. Over the last year and a few months, those people have, however, sold off stock "at least 11 times," Bloomberg's research has found.

From a personal financial perspective, the move may have behooved … Read more

Investors were put off yesterday by Apple's underwhelming iPhone news. Today we'll see if their overall infatuation with Apple kicks back into gear.

Shares slumped yesterday following the unveiling of the iPhone 4S--there had been widespread and fervent expectation of an "iPhone 5"--but intraday trading showed things could have been worse.

At around 10 a.m. PT yesterday when Apple CEO Tim Cook took the stage at his company's Cupertino, Calif., headquarters, Apple's shares started to inch lower. When Apple announced the iPhone 4S, and as it became abundantly clear that an … Read more

Apple shares hit an all-time high today, underscoring the growing hype and anticipation over the company's next major product.

The stock reached a peak of $413.23 before retreating slightly to $411.63--still up nearly 3 percent from the previous day--at the close of the trading session. The company finished the day with a market value of $381.62 billion. Last month, it passed Exxon Mobile as the most valuable company in the country; the other major tech company, Microsoft, has a market capitalization of $228 billion.

That next major product driving the stock is almost certainly going to … Read more

Wall Street has responded favorably to Yahoo's decision to fire CEO Carol Bartz.

The company's shares opened up to nearly $14 per share today in the first moments of trading on the Nasdaq following Bartz's ouster. Following strong gains, Yahoo's shares have, at the time of this writing, started to subside a bit, leveling off at about $13.58, representing a more than 5 percent gain compared to their opening price of $12.91.

Word of Bartz's firing was first made public yesterday. In a note to Yahoo employees, Bartz said that she had been &… Read more

Daily-deals provider Groupon has decided to postpone its initial public offering, The Wall Street Journal is reporting, citing anonymous sources.

The Journal's sources claim that Groupon's management has decided against an IPO anytime soon due to the stock market's continued "volatility." Initially, the Journal's sources claim, Groupon was planning to price its shares during the middle of September and go public soon thereafter.

Groupon filed for its IPO with the U.S. Securities and Exchange Commission in June. The $750 million IPO could value the company at a reported $20 billion to $25 billion, … Read more