Ipo, Initial Public Offering | featured news

Chinese social-networking Web site Renren sold shares in its IPO at $14 apiece.

Shanghai Pharmaceuticals is seeking to raise up to US$2.22 billion in an initial public offering on the Hong Kong stock exchange on May 20.

Instead of seeking another round of financing, Yelp is considering an IPO. After announcing in 2010 that Yelp would not likely go public for several years, CEO Jeremy Stoppelman told the Wall Street Journal on Tuesday that the company had put an IPO back on the table.

Groupon is expected to pick Goldman Sachs and Morgan Stanley as its two lead underwriters for an IPO planned later this year. The IPO is expected to value the Chicago company at between $15 billion and $20 billion, these people said. The valuation could change depending on market conditions at the time of the IPO.

Zipcar Inc., the car-sharing company that rents rides for as little as an hour, is expected to get a warm reception from Wall Street for its planned initial public offering this week.

The company behind the Angry Birds mobile phone game sensation wants to list on the stock market.

LinkedIn Corp., the company behind the largest website for professional networking, plans to raise at least $175 million in an initial public offering of stock that could open the IPO floodgates for other widely used online services that connect people with common interests....

The GM IPO could wind up as the largest in history. Earlier this week, GM raised the high end of its initial price range from $29 to $33 and increased the number of shares it was offering from 365 million to 478 million common shares because investor demand was so high. Counting preferred stock issued by the company, the deal's value could top $23 billion.

Investor demand for General Motors stock has been so strong that the company will expand its initial public offering by 31 percent, to 478 million common shares, a person briefed on the sale said Tuesday.

General Motors says it made $2 billion in the third quarter, a strong showing that helps the company's pitch to investors who may buy stock in an initial public offering.