Astro, Malaysia’s largest pay-TV operator, which controls some 50 per cent of the six million Malaysian TV households, launched the prospectus for its IPO, September 21, pricing the retail offering at RM3 (€0.76) a share, with shares already oversubscribed by more than 10 times. The oversubscription rate could well be higher, with the closing of […]
Pay-TV firm Astro Malaysia has set an indicative price range of RM2.70-3.00 per share for institutional investors for its initial public offering (IPO) that could raise up to RM4.56 billion (approx €1.1bn) according to reports. The IPO, which is expected to be listed by end-September or early October, would be Malaysia’s third-largest this year after […]
MobiTV, the TV apps maker for smart phones, has pulled its initial public offering to raise up to $75 million blaming “unfavorable market conditions”. MobiTV reported an $11.8 million loss last year even though its revenue rose 27 per cent to $85.1 million. MobiTV must compete for customer attention with companies like YouTube and Netflix, […]
According to reports online, music video site Vevo is in early-stage talks with investors to try and raise funds ahead of a planned flotation. The broadcaster, owned by Universal Music and Sony Music and Abu Dhabi Media– is said to have hired investment bank Allen & Co. to seek potential backers. Vevo is hoping to […]
Intelsat’s giant $1.75 billion IPO news was somewhat dwarfed by Facebook’s somewhat larger announcement on May 18th. Nevertheless the IPO filing, made with the SEC on May 18th, says that investment bankers Goldman Sachs, J P Morgan and Morgan Stanley were the offering’s bookrunners and underwriters. The satellite operator, one of the two largest on […]
Facebook has increased the price range of its stock in what will be Silicon Valley’s biggest-ever initial public offering to raise more than $12 billion (£7.4bn), giving the social network a valuation that could exceed $100 billion. The company has raised the price target of its flotation on Friday to between $34 and $38 a […]
Facebook has named the range for its impending IPO with a share price of $28-35. That’s an unusually wide range and targets a value between $85-95 billion; in other words a little caution has set in since talk of $100 billion+ and the chill is partly down to the surprise drop in profit YonY for […]
Facebook shares will float on the US stock market on May 18th, with a “roadshow” for the company’s initial public offering to begin next week. The eight-year-old social network, with 900 million users worldwide, is expected to have a valuation of around $100 billion and is the most eagerly awaited flotation since Google’s in 2004. […]
IP-based communications service provider Level 3 Communications has completed a substantial expansion of the global capacity of its content delivery network (CDN). The expansion, which was completed in less than two years, more than doubles the company’s CDN capacity to support customer growth and increased demand. Level 3 has increased its globally available CDN capacity […]
Dutch cable operator Ziggo has officially completed its IPO after market close on 26th March. The IPO brought in €925 million including an extra allotment. The extra allotment was exercised in full, meaning Ziggo will put extra shares onto the market. Around 50 million shares will start trading, a “free float” of about 25 per […]