Facebook Raises IPO Price As Offering Nears
Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger.
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Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger.
A Wall Street analyst on Monday set the highest price target yet for Apple Inc. shares, valuing them at $1,001 each, or about 62 percent more than their current price.
The anticipation of the Facebook initial public offering (IPO) has already has driven up prices in Silicon Valley's real estate market.
Yelp's stock opened to five-star reviews from investors on Friday, soaring 63 percent after pricing above its targeted range on Thursday night.
Online business rating service Yelp hopes to sell its stock for $12 to $14 per share in an upcoming IPO.
Online game maker Zynga Inc. reported a net loss in the last three months of 2011, weighed by hefty stock-compensation expenses and other costs in its first quarter as a public company.
Apple's stock broke above $500 for the first time Monday. It was the latest step in a rally that began more than two weeks ago, when the company reported staggering sales and profits for the holiday quarter.
The major stock indexes did not move much on Monday, but that didn't stop a number of Silicon Valley companies from making news on the trading floor.
Zynga said in a filing Thursday with Securities and Exchange Commission that it expects to list its shares on the exchange under the ticker symbol "ZNGA."
Hewlett-Packard Co. shares jumped Wednesday after reports that the technology company's board is mulling the removal of CEO Leo Apotheker, who has been on the job for less than a year.
San Francisco would no longer tax stock options under a proposal introduced Tuesday at the Board of Supervisors meeting.
Rob Arnott, the founder of investment firm Research Affliates, thinks the stock market is "dangerously" overpriced. He points to Cupertino-based Apple, which has a $321 billion market value.
Stocks finished Thursday flat, dragged down by Cisco Systems Inc. The San Jose-based company issued a weak earnings forecast.
Facebook will be legally required to begin sharing more information about its finances and strategy by April 2012, according to documents distributed to prospective shareholders.
Charles Schwab is recuperating after undergoing successful heart valve replacement surgery on Friday.
A gloomy outlook from Cisco Systems Inc. is shaking some investors' faith in the strength of the technology industry's recovery.
