Ipo, Initial Public Offering | featured news

Chinese motor-vehicle dealer China Yongda Automobiles Services Holdings plans to raise up to $433 million in an initial public offering ahead of its listing in Hong Kong on May 30, people familiar with the situation said.

Facebook has raked in billions and will make a splash when its stock hits the open market next week. So, what are folks on Wall Street concerned about? Mark Zuckerberg's hoodie, apparently.

As Facebook tours the country with its pitch to investors for the social network’s initial public offering, at least one hole in the company’s plan for the future that has come up repeatedly: What is Facebook going to do about mobile?

Facebook Inc's initial public offering pitch played to some bad reviews in New York, so for its Boston audience on Tuesday, the 30-minute video was scrapped and the company took more questions from analysts and potential investors.

Facebook Inc. is planning to set the price range for its impending initial public offering in the high-$20s to mid-$30sa share, valuing itself at roughly $85 billion to $95 billion...

Facebook will go public on May 18, a published report says, in one of the most highly anticipated tech initial public offerings since Google went public in August 2004.

Despite rumors of delays, Facebook could begin its roadshow as soon as early next week, according to two people briefed on the company's plans.

The average initial public offering in Hong Kong since the start of 2009 is down 13%, and more than two-thirds of the offerings have underperformed the Hang Seng Index since their listings.

Carlyle Group LP is eyeing a market valuation of $7.5 billion to $8 billion in an initial public offering, as the U.S. private equity firm prepares to kick off a marketing blitz to investors, perhaps as soon as next week, said a source with knowledge of the situation.

Facebook will list its shares with Nasdaq, according to media reports. That would be a big win for the Nasdaq, which competes fiercely with NYSE Euronext Inc., especially for an initial public offering as large as Facebook's, pegged at $5 billion. The New York Times and CNBC cited anonymous sources on the potential listing.