Posts Tagged ‘morgan stanley’
$1 Billion Yandex IPO Set For This Summer
Anyone who would like to invest in Russia’s most successful search engine may want to start saving pennies and talking to his (or her) stockbroker.? Reports indicate that Yandex, which has had little trouble fending off Google in its home market, will go public and try to raise $1 billion this summer. A post on the Quintura Blog stated today, “The leading Russian search engine and contextual advertising company, Yandex plans $1 billion IPO on NASDAQ in June – July 2011, reported newspaper Vedomosti.? The company hired investment banks Deutsche Bank and Morgan Stanley to manage the IPO.” It’s possible a serious rush will result.? Yandex’s search engine has a market share of about 64 percent, which is seriously impressive given the competition

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$1 Billion Yandex IPO Set For This Summer
New Report Pegs Zynga’s Valuation At $10 Billion
Social gaming company Zynga, which is the force behind sensations like FarmVille and CityVille, continues to be a hit with investors.? Days after rumors indicated Zynga would raise $250 million at a valuation of $7 billion to $9 billion, a new report’s claimed it will actually raise twice that amount at a valuation of $10 billion.

LinkedIn IPO Rumored For This Year
By all accounts, private shares of Facebook are incredibly popular, with wealthy investors causing a virtual stampede over who will get to buy them through Goldman Sachs.? It’s a good bet that there will be widespread interest if/when Facebook goes public, too.? So to avoid being overshadowed, LinkedIn may IPO this year. Nadia Damouni reported this morning, “LinkedIn, the social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters, three sources familiar with the process told Reuters.” And sure enough, one of the sources explained, “Some of these companies want to go public because they want to beat Facebook and others out.? If Facebook went public before Linkedin, do you think anyone would pay that much attention to Linkedin?? You might want to surpass the beast.” Bank of America, JPMorgan, and Morgan Stanley would all supposedly play a role in this undertaking.? Unfortunately, not much else is known. The valuation of the theoretical IPO remains a mystery, for example, although Damouni was able to point out that private sales of LinkedIn’s stock make the company worth about $2.2 billion.? (A point of reference: AOL’s market cap is $2.5 billion.) We’ll be sure to see what happens.? Other developments, including the expansion of LinkedIn’s board of directors and a rumored SEC investigation , also suggest an IPO will take place soon, at least

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LinkedIn IPO Rumored For This Year
