Ipo | featured news

A legal challenge to an ambitious plan to let the public buy shares in one of New York City's most famous landmarks — the Empire State Building — was cast aside on Tuesday in a ruling by a Manhattan judge.

The head of Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter.

SeaWorld Entertainment Inc.'s stock surged in its first day of trading on the New York Stock Exchange. The owner of theme parks famous for water shows featuring killer whales and dolphins jumped $5.29, or 19.6 percent, to $32.29 in afternoon trading, after the company and its backers raised $702 million.

China's campaign to cut a huge backlog of initial public offerings has failed to deliver. Now there are signs that the authorities could be preparing to reopen the IPO floodgates.

Shares of Pinnacle Foods Inc (PF.N), owner of the Birds Eye and Duncan Hines brands, rose 13.7 percent in their New York Stock Exchange debut on Thursday. The stock was trading at $22.73 after the company backed by Blackstone Group LP (BX.N) raised $580 million in its initial public offering.

Nasdaq OMX and SharesPost will join to create a new exchange that will allow accredited investors to buy private-company shares. The move reflects the competition and new landscape these market-makers face--particularly whether interest in pre-IPO stocks will fade now that Facebook shares trade publicly.

Massachusetts' securities regulator fined Morgan Stanley $5 million over its handling of Facebook's IPO, saying investment bankers had "improper influence" over the research analysts covering Facebook.

Bharti Airtel's mobile-tower unit plans to raise around $800 million by selling a 10% stake via an initial public offering next month... Bharti Airtel, India's largest mobile-phone-services company by revenue and users, and other investors in the mobile-tower unit are looking to capitalize on improving foreign sentiment toward India. This follows steps announced by the federal government in September, aimed at encouraging foreign investment in sectors like retail and insurance.

Foursquare is having troubles convincing investors that its valuation shouldn't shrink, a sign of a cooling toward social media startups in the wake of Facebook's messy initial public offering.

San Francisco-based online real-estate listing firm, Trulia, is expected to begin trading on the New York Stock Exchange this coming Thursday, Sept. 20, under the ticker, TRLA, according to a report. The company plans to sell 6 million shares with a price range of between $14 and $16 a share.