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Bucking the generally weak IPO market, Rosetta Stone, an Arlington, Virginia-based language instruction company, plans to hold an initial public offering later this month which would be the first venture-capital-based IPO in six months. The Washington Post reports that Rosetta Stone will seek to raise as much as $106.3 million by offering 6.25 million shares [...]
Let’s hear it for Mead Johnson Nutrition Co. (MJN), the world’s biggest maker of infant formula, which raised $720 million in an initial public offering yesterday. Bloomberg reports that the IPO is the first in the U.S. since November 2008. Mead Johnson stated that it sold 30 million shares at $24 each, at the top [...]
After a nearly three month period without an IPO in the United States, three companies are slated to go public in the US the week of February 9. The three companies are: Mead Johnson, an Indiana-based maker of baby formula, that is being spun out of its parent company, Bristol-Myers Squibb Co. Mead Johnson [...]
The ongoing financial crisis caused global IPO issuance to come to a near halt in mid-2008, and that steep decline has continued through the end of 2008. A December 2008 report from Renaissance Capital on the state of the global and US IPO market shows some stunningly weak numbers, including: Globally, the average new issue [...]
According to data from Dealogic, the month of October 2008 saw the greatest volume of withdrawn IPOs for a single month since the firm began gathering data in 1995. Dealbook reports that a total of 30 IPOs valued at $13.1 billion were pulled worldwide in October. Among the planned offerings withdrawn this month is the [...]