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		<title>Tableau Software: Big Data IPO Goes out Above Expected Range, Shares Spike Higher</title>
		<link>http://247wallst.com/2013/05/17/tableau-software-big-data-ipo-goes-out-above-expected-range-shares-spike-higher/</link>
		<comments>http://247wallst.com/2013/05/17/tableau-software-big-data-ipo-goes-out-above-expected-range-shares-spike-higher/#comments</comments>
		<pubDate>Fri, 17 May 2013 14:45:19 +0000</pubDate>
		<dc:creator>Paul Ausick</dc:creator>
				<category><![CDATA[24/7 Wall St. Wire]]></category>
		<category><![CDATA[IPOs]]></category>
		<category><![CDATA[Software]]></category>
		<category><![CDATA[DATA]]></category>
		<category><![CDATA[DD]]></category>
		<category><![CDATA[DE]]></category>
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		<guid isPermaLink="false">http://247wallst.com/?p=190473</guid>
		<description><![CDATA[Seattle-based software maker Tableau Software Inc. (NYSE: DATA) begins trading today following an initial public offering (IPO) of 8.2 million shares at a price of $31 a share. The offering is valued at around $254 million. Lead underwriters for the offering are Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS). The company [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://247wallst.com/2013/05/10/stock-market-in-which-good-and-bad-companies-thrive/attachment/95992888/" rel="attachment wp-att-189674"><img class="alignleft" alt="95992888" src="http://247wallst.files.wordpress.com/2013/05/95992888.jpg?w=400&#038;h=282" width="400" height="282" data-credit="Thinkstock" data-id="189674" data-caption="" /></a>Seattle-based software maker Tableau Software Inc. (NYSE: DATA) begins trading today following an initial public offering (IPO) of 8.2 million shares at a price of $31 a share. The offering is valued at around $254 million.</p>
<p>Lead underwriters for the offering are Goldman Sachs Group Inc. (<a href="http://247wallst.dailyfinance.com/quote/nyse/goldman-sachs/gs" target="_blank">NYSE: GS</a>) and Morgan Stanley (<a href="http://247wallst.dailyfinance.com/quote/nyse/morgan-stanley/ms" target="_blank">NYSE: MS</a>).</p>
<p>The company yesterday boosted the number of shares on offer by 1.15 million, including the underwriters’ overallotment of 150,000 shares. The original filing called for the sale of 7.2 million shares, not including the underwriters’ option on an additional 1.08 million shares. The expected price range had been $28 to $30 a share, but strong demand led to the larger volume and higher price.</p>
<p>Tableau offers a cloud-based data analytics product that allows users to display and query large data sets using a visual query language and a graphical interface. “Big data,” as it is called, has become a very hot corner of the tech sector, and Tableau’s IPO could not have been timed better. The company lists among its customers Deere &amp; Co. (<a href="http://247wallst.dailyfinance.com/quote/nyse/deere-company/de" target="_blank">NYSE: DE</a>), E. I. du Pont de Nemours and Co. (<a href="http://247wallst.dailyfinance.com/quote/nyse/ei-du-pont-de-nemours-company/dd" target="_blank">NYSE: DD</a>), the Federal Aviation Administration and Sears Holdings Corp. (<a href="http://247wallst.dailyfinance.com/quote/nasdaq/sears-holdings/shld" target="_blank">NASDAQ: SHLD</a>).</p>
<p>The company’s revenues have grown from $34.2 million in 2010 to $127.7 million last year. In the first three months of 2013, Tableau posted revenues of $40 million.</p>
<p>If Yahoo! Finance and The Wall Street Journal are to be believed, Tableau’s shares opened at $44 this morning and have risen to nearly $50 in the first hour of trading. Can the underwriters have left this much money on the table?</p>
<br />Filed under: <a href='http://247wallst.com/category/247-wall-st-wire/'>24/7 Wall St. Wire</a>, <a href='http://247wallst.com/category/ipos/'>IPOs</a>, <a href='http://247wallst.com/category/software/'>Software</a> Tagged: <a href='http://247wallst.com/tag/data/'>DATA</a>, <a href='http://247wallst.com/tag/dd/'>DD</a>, <a href='http://247wallst.com/tag/de/'>DE</a>, <a href='http://247wallst.com/tag/featured-2/'>featured</a>, <a href='http://247wallst.com/tag/gs/'>GS</a>, <a href='http://247wallst.com/tag/ms/'>MS</a>, <a href='http://247wallst.com/tag/shld/'>SHLD</a> ]]></content:encoded>
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	<category domain="tickers">DATA</category><category domain="tickers">DD</category><category domain="tickers">DE</category><category domain="tickers">featured</category><category domain="tickers">GS</category><category domain="tickers">MS</category><category domain="tickers">SHLD</category>
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		<title>Softbank Using Alibaba IPO to Thwart Dish Network Offer for Sprint</title>
		<link>http://247wallst.com/2013/05/13/softbank-using-alibaba-ipo-to-thwart-dish-network-offer-for-sprint/</link>
		<comments>http://247wallst.com/2013/05/13/softbank-using-alibaba-ipo-to-thwart-dish-network-offer-for-sprint/#comments</comments>
		<pubDate>Mon, 13 May 2013 12:10:50 +0000</pubDate>
		<dc:creator>Paul Ausick</dc:creator>
				<category><![CDATA[Banking & Finance]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[IPOs]]></category>
		<category><![CDATA[Satellite]]></category>
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		<category><![CDATA[C]]></category>
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		<category><![CDATA[DISH]]></category>
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		<guid isPermaLink="false">http://247wallst.com/?p=189823</guid>
		<description><![CDATA[The saying is that all’s fair in love and war. Well, this cannot be love, so it must be war. The Financial Times this morning is citing “two people familiar with the situation” who say that Softbank, which owns about one-third of China’s e-commerce giant Alibaba, has been telling investment bankers that if they want [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://247wallst.com/2012/12/11/a-harsh-world-in-which-the-u-s-is-no-2/attachment/108680884/" rel="attachment wp-att-171699"><img class="alignleft" alt="108680884" src="http://247wallst.files.wordpress.com/2012/12/108680884.jpg?w=400&#038;h=266" width="400" height="266" data-credit="Thinkstock" data-id="171699" data-caption="" /></a>The saying is that all’s fair in love and war. Well, this cannot be love, so it must be war.</p>
<p>The Financial Times this morning is citing “two people familiar with the situation” who say that Softbank, which owns about one-third of China’s e-commerce giant Alibaba, has been telling investment bankers that if they want a piece of Alibaba’s coming initial public offering (IPO), the banks had better pass on helping fund an offer from Dish Network Corp. (<a href="http://247wallst.dailyfinance.com/quote/nasdaq/dish-network-corporation/dish" target="_blank">NASDAQ: DISH</a>) for Sprint Nextel Corp. (<a href="http://247wallst.dailyfinance.com/quote/nyse/sprint-nextel/s" target="_blank">NYSE: S</a>). Softbank’s $20.1 billion offer for Sprint has been topped by an offer of $25.5 billion from Dish.</p>
<p>Alibaba’s IPO is the hottest thing on Wall Street since the IPO of Facebook Inc. (<a href="http://247wallst.dailyfinance.com/quote/nasdaq/facebook/fb" target="_blank">NASDAQ: FB</a>). The IPO is expected to take place in the fourth quarter of this year or early next year at a valuation in the neighborhood of $60 billion to $80 billion. Yahoo! Inc. (<a href="http://247wallst.dailyfinance.com/quote/nasdaq/yahoo/yhoo" target="_blank">NASDAQ: YHOO</a>) sold about half of its 40% stake in Alibaba back to the Chinese firm late last year for total consideration of about $7.6 billion. That placed a valuation of around $40 billion on Alibaba.</p>
<p>A consortium of nine banks, including Citigroup Inc. (<a href="http://247wallst.dailyfinance.com/quote/nyse/citigroup-inc/c" target="_blank">NYSE: C</a>), Credit Suisse (<a href="http://247wallst.dailyfinance.com/quote/nyse/credit-suisse-group-adr/cs" target="_blank">NYSE: CS</a>), Deutsche Bank A.G. (<a href="http://247wallst.dailyfinance.com/quote/nyse/deutsche-bank-ag-usa/db" target="_blank">NYSE: DB</a>), HSBC Holdings PLC (<a href="http://247wallst.dailyfinance.com/quote/nyse/hsbc-holdings-plc-adr/hbc" target="_blank">NYSE: HBC</a>), J.P. Morgan Chase &amp; Co. (<a href="http://247wallst.dailyfinance.com/quote/nyse/jpmorgan-chase-co/jpm" target="_blank">NYSE: JPM</a>) and Morgan Stanley (<a href="http://247wallst.dailyfinance.com/quote/nyse/morgan-stanley/ms" target="_blank">NYSE: MS</a>) recently refinanced $8 billion in Alibaba debt at lower interest, and the nine are believed to have the inside track on the coming IPO.</p>
<p>How credible is a threat from Softbank to withhold the IPO from banks that cooperate with Dish? Investment banks are almost desperate for profitable Asian business and Softbank’s message is pretty clear, even if the Japanese company has not said as much directly. But even though Softbank owns a big chunk of Alibaba, the Japanese probably cannot tell the Chinese which banks to use. The banks will get the message without having to be told.</p>
<br />Filed under: <a href='http://247wallst.com/category/banking-finance/'>Banking &amp; Finance</a>, <a href='http://247wallst.com/category/china/'>China</a>, <a href='http://247wallst.com/category/internet/'>Internet</a>, <a href='http://247wallst.com/category/ipos/'>IPOs</a>, <a href='http://247wallst.com/category/satellite/'>Satellite</a>, <a href='http://247wallst.com/category/technology-companies/'>Technology Companies</a> Tagged: <a href='http://247wallst.com/tag/c/'>C</a>, <a href='http://247wallst.com/tag/cs/'>CS</a>, <a href='http://247wallst.com/tag/db/'>DB</a>, <a href='http://247wallst.com/tag/dish/'>DISH</a>, <a href='http://247wallst.com/tag/fb/'>FB</a>, <a href='http://247wallst.com/tag/featured-2/'>featured</a>, <a href='http://247wallst.com/tag/hbc/'>HBC</a>, <a href='http://247wallst.com/tag/jpm/'>JPM</a>, <a href='http://247wallst.com/tag/ms/'>MS</a>, <a href='http://247wallst.com/tag/s/'>S</a>, <a href='http://247wallst.com/tag/yhoo/'>YHOO</a> ]]></content:encoded>
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	<category domain="tickers">C</category><category domain="tickers">CS</category><category domain="tickers">DB</category><category domain="tickers">DISH</category><category domain="tickers">FB</category><category domain="tickers">featured</category><category domain="tickers">HBC</category><category domain="tickers">JPM</category><category domain="tickers">MS</category><category domain="tickers">S</category><category domain="tickers">YHOO</category>
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		<title>Blank-Check Firm Capitol Acquisition II Holds IPO</title>
		<link>http://247wallst.com/2013/05/10/blank-check-firm-capitol-acquisition-ii-holds-ipo/</link>
		<comments>http://247wallst.com/2013/05/10/blank-check-firm-capitol-acquisition-ii-holds-ipo/#comments</comments>
		<pubDate>Fri, 10 May 2013 14:30:15 +0000</pubDate>
		<dc:creator>Paul Ausick</dc:creator>
				<category><![CDATA[24/7 Wall St. Wire]]></category>
		<category><![CDATA[IPOs]]></category>
		<category><![CDATA[CLACU]]></category>

		<guid isPermaLink="false">http://247wallst.com/?p=189749</guid>
		<description><![CDATA[A special purpose acquisition vehicle (SPAC), or as they are sometimes called, a blank-check company, held an initial public offering (IPO) this morning. Capitol Acquisition Corp. II (NASDAQ: CLACU) offered 18 million units at a per unit price of $10. In its press release announcing the IPO, Capitol Acquisition said it boosted its original plan [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://247wallst.com/2011/11/03/the-u-s-%e2%80%99s-growing-income-gap-by-the-numbers/money-148/" rel="attachment wp-att-116682"><img class="alignleft" alt="Money" src="http://247wallst.files.wordpress.com/2011/11/money.jpg?w=393&#038;h=343" width="393" height="343" data-credit="" data-id="116682" data-caption="" /></a>A special purpose acquisition vehicle (SPAC), or as they are sometimes called, a blank-check company, held an initial public offering (IPO) this morning. Capitol Acquisition Corp. II (NASDAQ: CLACU) offered 18 million units at a per unit price of $10. In its press release announcing the IPO, Capitol Acquisition said it boosted its original plan to issue 15 million units due to investor demand.</p>
<p>The company first filed for an IPO in January of 2012, but the IPO has taken this long to complete, likely because market conditions did not support an offering until now.</p>
<p>Capitol Acquisition said in its S-1 filing that it will not limit its search for a potential acquisition to any particular industry or region and that it does not have any specific target in mind at this time. That is why it is called a blank-check company.</p>
<p>Each unit sold in today’s IPO consists of one share of common stock and one-half of one warrant. Each warrant entitles the holder to purchase one share of common stock at a price of $11.50 a share. The warrants are exercisable on the later of 30 days after Capitol Acquisition buys its first company or 12 months after the IPO. Warrants expire five years after the company’s first acquisition, when the warrants are redeemed or when the company is liquidated, whichever is earlier.</p>
<p>The underwriters of the offering are Citigroup and Deutsche Bank, and they have been granted an overallotment option of 2.25 million units.</p>
<p>Shares have not yet begun to trade.</p>
<br />Filed under: <a href='http://247wallst.com/category/247-wall-st-wire/'>24/7 Wall St. Wire</a>, <a href='http://247wallst.com/category/ipos/'>IPOs</a> Tagged: <a href='http://247wallst.com/tag/clacu/'>CLACU</a> ]]></content:encoded>
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	<category domain="tickers">CLACU</category>
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		<title>Twitter Takes First Step Toward IPO?</title>
		<link>http://247wallst.com/2013/05/03/twitter-takes-first-step-toward-ipo/</link>
		<comments>http://247wallst.com/2013/05/03/twitter-takes-first-step-toward-ipo/#comments</comments>
		<pubDate>Fri, 03 May 2013 10:50:24 +0000</pubDate>
		<dc:creator>Douglas A. McIntyre</dc:creator>
				<category><![CDATA[24/7 Wall St. Wire]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[IPOs]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Rumors]]></category>
		<category><![CDATA[FB]]></category>
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		<guid isPermaLink="false">http://247wallst.com/?p=188822</guid>
		<description><![CDATA[Twitter has added an investment banker to its staff. This has prompted speculation that the company may begin the process for an initial public offering. Of course, investors could be gun-shy after the collapses of the share prices of Facebook Inc. (NASDAQ: FB), Groupon Inc. (NASDAQ: GRPN) and Zynga Inc. (NASDAQ: ZNGA). Twitter has not demonstrated [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://247wallst.files.wordpress.com/2013/05/buffett-twitter.gif" target="_blank"><img class="alignleft" alt="buffett twitter" src="http://247wallst.files.wordpress.com/2013/05/buffett-twitter.gif?w=400&#038;h=400" width="400" height="400" data-credit="Twitter" data-id="188766" data-caption="" /></a>Twitter has added an investment banker to its staff. This has prompted speculation that the company may begin the process for an initial public offering.</p>
<p>Of course, investors could be gun-shy after the collapses of the share prices of Facebook Inc. (<a href="http://247wallst.dailyfinance.com/quote/nasdaq/facebook/fb" target="_blank">NASDAQ: FB</a>), Groupon Inc. (<a href="http://247wallst.dailyfinance.com/quote/nasdaq/groupon-inc/grpn" target="_blank">NASDAQ: GRPN</a>) and Zynga Inc. (<a href="http://247wallst.dailyfinance.com/quote/nasdaq/zynga-inc/znga" target="_blank">NASDAQ: ZNGA</a>). Twitter has not demonstrated that it can bring in a critical mass of advertising, at least not enough for it to be considered a large media company. Analysts estimate that the company could be worth $10 billion currently, which may be much to pricey for Wall Street.</p>
<p>The New York Times says of the <a href="http://dealbook.nytimes.com/2013/05/02/twitter-hires-morgan-stanley-banker/" target="_blank">new Twitter corporate development chief</a>:</p>
<blockquote><p>The company has hired Cynthia Gaylor, a managing director at Morgan Stanley, to be its head of corporate development, Alexander Macgillivray, Twitter’s chief lawyer, said in a tweet on Thursday.</p></blockquote>
<p>Adding:</p>
<blockquote><p>Over her career, Ms. Gaylor has worked on technology deals including the sale of Zappos to Amazon.com, according to her profile on LinkedIn. More recently, she has advised on financing transactions like initial public offerings.</p>
<p>Among her clients are Facebook, Zynga, Netflix and LinkedIn, the LinkedIn profile says. She joined Morgan Stanley in 2006 after working at Hambrecht &amp; Quist, which became part of JPMorgan Chase.</p></blockquote>
<br />Filed under: <a href='http://247wallst.com/category/247-wall-st-wire/'>24/7 Wall St. Wire</a>, <a href='http://247wallst.com/category/internet/'>Internet</a>, <a href='http://247wallst.com/category/ipos/'>IPOs</a>, <a href='http://247wallst.com/category/media/'>Media</a>, <a href='http://247wallst.com/category/rumors/'>Rumors</a> Tagged: <a href='http://247wallst.com/tag/fb/'>FB</a>, <a href='http://247wallst.com/tag/featured-2/'>featured</a>, <a href='http://247wallst.com/tag/grpn/'>GRPN</a>, <a href='http://247wallst.com/tag/znga/'>ZNGA</a> ]]></content:encoded>
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		<title>Bank IPO Kicks Off Below Expected Range</title>
		<link>http://247wallst.com/2013/05/02/bank-ipo-kicks-off-below-expected-range/</link>
		<comments>http://247wallst.com/2013/05/02/bank-ipo-kicks-off-below-expected-range/#comments</comments>
		<pubDate>Thu, 02 May 2013 14:15:16 +0000</pubDate>
		<dc:creator>Paul Ausick</dc:creator>
				<category><![CDATA[24/7 Wall St. Wire]]></category>
		<category><![CDATA[Banking & Finance]]></category>
		<category><![CDATA[IPOs]]></category>
		<category><![CDATA[featured]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[VOYA]]></category>

		<guid isPermaLink="false">http://247wallst.com/?p=188721</guid>
		<description><![CDATA[ING U.S. Inc. (NYSE: VOYA) held its initial public offering (IPO) today and the U.S. insurance arm of Dutch-based ING Groep N.V. (NYSE: ING) raised $1.27 billion at an IPO price of $19.50 a share for 65.2 million shares issued. That is the second-largest IPO in the United States so far this year, but it [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://247wallst.com/?attachment_id=175478" rel="attachment wp-att-175478"><img class="alignleft" alt="Bank" src="http://247wallst.files.wordpress.com/2013/01/bank-sign.jpg?w=400&#038;h=267" width="400" height="267" data-credit="Thinkstock" data-id="175478" data-caption="" /></a>ING U.S. Inc. (NYSE: VOYA) held its initial public offering (IPO) today and the U.S. insurance arm of Dutch-based ING Groep N.V. (<a href="http://247wallst.dailyfinance.com/quote/nyse/ing-groep-nv-adr/ing" target="_blank">NYSE: ING</a>) raised $1.27 billion at an IPO price of $19.50 a share for 65.2 million shares issued. That is the second-largest IPO in the United States so far this year, but it is a disappointment for ING, which had hoped to sell the shares in a range of $21 to $24. The company will rebrand itself as Voya Financial.</p>
<p>The IPO was imposed on the company as a condition of a €10 billion bailout from the Dutch government in 2009. Now that the IPO is completed, the parent company will once again be allowed to pay a dividend to stockholders.</p>
<p>ING U.S. will use net proceeds of about $568 million from the IPO to reduce the €7 billion or so of double-leveraged debt and to repay the remaining €2.2 billion loan from the Dutch government.</p>
<p>Shares are trading up about 0.5% at $19.55 after the first half-hour of trading today.</p>
<br />Filed under: <a href='http://247wallst.com/category/247-wall-st-wire/'>24/7 Wall St. Wire</a>, <a href='http://247wallst.com/category/banking-finance/'>Banking &amp; Finance</a>, <a href='http://247wallst.com/category/ipos/'>IPOs</a> Tagged: <a href='http://247wallst.com/tag/featured-2/'>featured</a>, <a href='http://247wallst.com/tag/ing/'>ING</a>, <a href='http://247wallst.com/tag/voya-2/'>VOYA</a> ]]></content:encoded>
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	<category domain="tickers">featured</category><category domain="tickers">ING</category><category domain="tickers">VOYA</category>
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		<title>SeaWorld IPO Goes Swimmingly</title>
		<link>http://247wallst.com/2013/04/19/seaworld-ipo-goes-swimmingly/</link>
		<comments>http://247wallst.com/2013/04/19/seaworld-ipo-goes-swimmingly/#comments</comments>
		<pubDate>Fri, 19 Apr 2013 14:10:13 +0000</pubDate>
		<dc:creator>Paul Ausick</dc:creator>
				<category><![CDATA[24/7 Wall St. Wire]]></category>
		<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[IPOs]]></category>
		<category><![CDATA[BX]]></category>
		<category><![CDATA[featured]]></category>
		<category><![CDATA[SEAS]]></category>

		<guid isPermaLink="false">http://247wallst.com/?p=187227</guid>
		<description><![CDATA[The initial public offering (IPO) of SeaWorld Entertainment Inc. (NYSE: SEAS) went off this morning at the high end of the $24 to $27 expected price range. The theme park operator sold 26 million shares, not including any underwriters’ overallotment. Private equity firm Blackstone Group L.P. (NYSE: BX) was the sole owner of SeaWorld and [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://247wallst.com/2012/12/27/seaworld-parks-files-for-ipo/porpoise/" rel="attachment wp-att-173350"><img class="alignleft" alt="Porpoise" src="http://247wallst.files.wordpress.com/2012/12/porpoise.jpg?w=400&#038;h=266" width="400" height="266" data-credit="Thinkstock" data-id="173350" data-caption="" /></a>The initial public offering (IPO) of SeaWorld Entertainment Inc. (NYSE: SEAS) went off this morning at the high end of the $24 to $27 expected price range. The theme park operator sold 26 million shares, not including any underwriters’ overallotment.</p>
<p>Private equity firm Blackstone Group L.P. (<a href="http://247wallst.dailyfinance.com/quote/nyse/the-blackstone-group-lp/bx" target="_blank">NYSE: BX</a>) was the sole owner of SeaWorld and will maintain a stake of about 72% after the IPO. Of the shares on offer, 10 million are being offered by SeaWorld and 16 million by Blackstone.</p>
<p>The IPO will raise $702 million, far above the $100 million expected when the IPO was first announced in December. SeaWorld will receive net proceeds of approximately $245.4 million, and it intends to use the funds to redeem $140 million in senior notes. Another $47 million will be paid out to Blackstone to terminate a 2009 advisory agreement, and the rest will be applied to other debt.</p>
<p>Shares opened at $30.56 and are trading at about $30.70 in the first half hour of this morning’s session, up 13.7% above the offering price.</p>
<p>The company’s full filing is available <a href="http://www.sec.gov/Archives/edgar/data/1564902/000119312513161702/d448022d424b4.htm#rom448022_4" target="_blank">here</a>.</p>
<br />Filed under: <a href='http://247wallst.com/category/247-wall-st-wire/'>24/7 Wall St. Wire</a>, <a href='http://247wallst.com/category/entertainment/'>Entertainment</a>, <a href='http://247wallst.com/category/ipos/'>IPOs</a> Tagged: <a href='http://247wallst.com/tag/bx/'>BX</a>, <a href='http://247wallst.com/tag/featured-2/'>featured</a>, <a href='http://247wallst.com/tag/seas/'>SEAS</a> ]]></content:encoded>
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	<category domain="tickers">BX</category><category domain="tickers">featured</category><category domain="tickers">SEAS</category>
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		<title>Fairway Market Launches Public Offering</title>
		<link>http://247wallst.com/2013/04/17/fairway-market-launches-public-offering/</link>
		<comments>http://247wallst.com/2013/04/17/fairway-market-launches-public-offering/#comments</comments>
		<pubDate>Wed, 17 Apr 2013 14:55:51 +0000</pubDate>
		<dc:creator>Paul Ausick</dc:creator>
				<category><![CDATA[24/7 Wall St. Wire]]></category>
		<category><![CDATA[Food]]></category>
		<category><![CDATA[IPOs]]></category>
		<category><![CDATA[FWM]]></category>

		<guid isPermaLink="false">http://247wallst.com/?p=186889</guid>
		<description><![CDATA[New York City-based grocery store chain Fairway Group Holdings Corp. (NASDAQ: FWM) held its initial public offering today, with shares going out at $13, above the expected range of $10 to $12 a share. The company’s Fairway Markets operate in and around New York City, and the company plans to use part of the proceeds [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://247wallst.com/2012/12/03/dean-foods-sells-dairy-business/200464179-001/" rel="attachment wp-att-170756"><img class="alignleft" alt="200464179-001" src="http://247wallst.files.wordpress.com/2012/12/200464179-001.jpg?w=400&#038;h=266" width="400" height="266" data-credit="Thinkstock" data-id="170756" data-caption="" /></a>New York City-based grocery store chain Fairway Group Holdings Corp. (NASDAQ: FWM) held its initial public offering today, with shares going out at $13, above the expected range of $10 to $12 a share. The company’s Fairway Markets operate in and around New York City, and the company plans to use part of the proceeds of up to $150 million to expand into the suburbs around the city.</p>
<p>Proceeds from the IPO will be used to pay an accrued and unpaid preferred stock dividend of $76.8 million, as well as management bonuses and a management agreement termination fee. The company is selling about 13.4 million class A common shares, and certain stockholders are selling another 286,000 class A shares.</p>
<p>The company has also issued class B common stock, and holders of the class B shares will hold 85.7% of the voting power, according to the company’s filing with the U.S. Securities and Exchange Commission (SEC). Sterling Investment Partners will hold about 77% of the voting power in the company following the IPO.</p>
<p>Fairway had originally planned to hold its IPO late last year, but those plans were set aside following Hurricane Sandy.</p>
<p>Shares are up about 30% at $16.89 in the first 90 minutes of trading today.</p>
<br />Filed under: <a href='http://247wallst.com/category/247-wall-st-wire/'>24/7 Wall St. Wire</a>, <a href='http://247wallst.com/category/food/'>Food</a>, <a href='http://247wallst.com/category/ipos/'>IPOs</a> Tagged: <a href='http://247wallst.com/tag/fwm/'>FWM</a> ]]></content:encoded>
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		<title>ING U.S. Files for IPO</title>
		<link>http://247wallst.com/2013/04/17/ing-u-s-files-for-ipo-2/</link>
		<comments>http://247wallst.com/2013/04/17/ing-u-s-files-for-ipo-2/#comments</comments>
		<pubDate>Wed, 17 Apr 2013 13:05:13 +0000</pubDate>
		<dc:creator>Paul Ausick</dc:creator>
				<category><![CDATA[24/7 Wall St. Wire]]></category>
		<category><![CDATA[Banking & Finance]]></category>
		<category><![CDATA[IPOs]]></category>
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		<guid isPermaLink="false">http://247wallst.com/?p=186851</guid>
		<description><![CDATA[Dutch-based bank insurance giant ING Groep N.V. (NYSE: ING) has filed an amended Form S-1 with the U.S. Securities and Exchange Commission for an initial public offering (IPO) of 64.2 million shares in an expected price range of $21 to $24. The U.S. arm of the company initially will be called ING U.S. Inc., but [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://247wallst.com/?attachment_id=175478" rel="attachment wp-att-175478"><img class="alignleft" alt="Bank" src="http://247wallst.files.wordpress.com/2013/01/bank-sign.jpg?w=400&#038;h=267" width="400" height="267" data-credit="Thinkstock" data-id="175478" data-caption="" /></a>Dutch-based bank insurance giant ING Groep N.V. (<a href="http://247wallst.dailyfinance.com/quote/nyse/ing-groep-nv-adr/ing" target="_blank">NYSE: ING</a>) has filed an amended Form S-1 with the U.S. Securities and Exchange Commission for an initial public offering (IPO) of 64.2 million shares in an expected price range of $21 to $24. The U.S. arm of the company initially will be called ING U.S. Inc., but ING expects to rebrand the company as Voya Financial. The shares will trade on the New York Stock Exchange under the symbol VOYA.</p>
<p>Of the shares on offer, 37.5 million will be sold by ING Insurance International B.V., and none of the proceeds from that sale will be available to ING U.S. The firm plans to raise approximately $600 million from the sale of the remaining 26.7 million shares, and notes in its filing that if the shares price above the expected range, ING U.S. will offer fewer shares and ING Insurance will offer more.</p>
<p>ING Insurance International’s stake in the new company will be approximately 75%, and the firm plans to divest those remaining shares over time.</p>
<p>The IPO is being imposed on the company as a condition of a €10 billion bailout from the Dutch government in 2009. Once the IPO is completed, the parent company will once again be allowed to pay a dividend to stockholders.</p>
<p>ING U.S. will use the proceeds from the IPO to reduce the €7 billion or so of double-leveraged debt. In addition to the $600 million from the IPO, ING U.S. also expects to receive $1.4 billion in distributions from its principal subsidiaries and $1.8 billion from its Cayman Islands subsidiary to assist in ING’s recapitalization. Another $1.5 billion in a letter of credit also will be cancelled.</p>
<p>The IPO is expected to be launched before the end of this year.</p>
<p>The amended S-1 filing is available <a href="http://www.sec.gov/Archives/edgar/data/1535929/000119312513156812/d430323ds1a.htm#tx430323_8" target="_blank">here</a>.</p>
<br />Filed under: <a href='http://247wallst.com/category/247-wall-st-wire/'>24/7 Wall St. Wire</a>, <a href='http://247wallst.com/category/banking-finance/'>Banking &amp; Finance</a>, <a href='http://247wallst.com/category/ipos/'>IPOs</a> Tagged: <a href='http://247wallst.com/tag/ing/'>ING</a> ]]></content:encoded>
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	<category domain="tickers">ING</category>
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		<title>Two IPOs Off to a Strong Start (EVTC, RALY)</title>
		<link>http://247wallst.com/2013/04/12/two-ipos-off-to-a-strong-start-evtc-raly/</link>
		<comments>http://247wallst.com/2013/04/12/two-ipos-off-to-a-strong-start-evtc-raly/#comments</comments>
		<pubDate>Fri, 12 Apr 2013 14:25:14 +0000</pubDate>
		<dc:creator>Paul Ausick</dc:creator>
				<category><![CDATA[24/7 Wall St. Wire]]></category>
		<category><![CDATA[Financial Stocks]]></category>
		<category><![CDATA[IPOs]]></category>
		<category><![CDATA[Software]]></category>
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		<guid isPermaLink="false">http://247wallst.com/?p=186399</guid>
		<description><![CDATA[We have two initial public offerings (IPOs) out today. Both Evertec Inc. (NYSE: EVTC) and Rally Software Development Corp. (NYSE: RALY) have begun trading this morning, and so far both stocks have posted significant gains. Evertec priced its IPO at $20, the high end of its proposed range of $18 to $20. The company issued [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://247wallst.com/2011/07/27/yield-curve-on-cds-flips-an-opportunity-in-etfs-uup-udn-fxf-tip-stpz/stock-market-investment-2/" rel="attachment wp-att-108914"><img class="alignleft" alt="Stock market investment" src="http://247wallst.files.wordpress.com/2011/07/ipo1.jpg?w=400&#038;h=266" width="400" height="266" data-credit="" data-id="108914" data-caption="" /></a>We have two initial public offerings (IPOs) out today. Both Evertec Inc. (NYSE: EVTC) and Rally Software Development Corp. (NYSE: RALY) have begun trading this morning, and so far both stocks have posted significant gains.</p>
<p>Evertec priced its IPO at $20, the high end of its proposed range of $18 to $20. The company issued more than 25 million shares, of which 10.2 million shares are being sold by Apollo Global Management LLC (<a href="http://247wallst.dailyfinance.com/quote/nyse/apollo-global-mgmt-llc/apo" target="_blank">NYSE: APO</a>) and 8.8 million shares are being sold by Popular Inc. The company is selling 6.25 million shares and the underwriters have a 30-day option on an additional 3.8 million shares from Apollo.</p>
<p>The company expects to receive net proceeds from the IPO of about $117 million. Apollo will own 28.8% of Evertec shares and Popular will own 33.5% after the IPO, if the overallotment is exercised. Evertec plans to use the proceeds to pay down existing debt. The company is based in Puerto Rico and operates throughout Latin America in the payment transaction processing business.</p>
<p>Rally Software raised both the number of shares in and the share price of its IPO. The company boosted its offering from 5.75 million to 6.0 million shares and priced the IPO at $14 a share, above the expected range of $11 to $13. The company expects to receive net proceeds of $70 million from the IPO, which it plans to use for working capital and other general corporate purposes.</p>
<p>The company offers a cloud-based system to manage projects for the Agile software development system. The company is based in Boulder, Colo., and claimed about 169,000 paid seats in use in its S-1 filing.</p>
<p>Shares of Evertec are up about 7% at $21.41, and shares of Rally are up nearly 28%, at $17.89.</p>
<br />Filed under: <a href='http://247wallst.com/category/247-wall-st-wire/'>24/7 Wall St. Wire</a>, <a href='http://247wallst.com/category/financial-stocks/'>Financial Stocks</a>, <a href='http://247wallst.com/category/ipos/'>IPOs</a>, <a href='http://247wallst.com/category/software/'>Software</a> Tagged: <a href='http://247wallst.com/tag/apo/'>APO</a>, <a href='http://247wallst.com/tag/evtc/'>EVTC</a>, <a href='http://247wallst.com/tag/featured-2/'>featured</a>, <a href='http://247wallst.com/tag/raly/'>RALY</a> ]]></content:encoded>
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	<category domain="tickers">APO</category><category domain="tickers">EVTC</category><category domain="tickers">featured</category><category domain="tickers">RALY</category>
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		<title>Toys&#8221;R&#8221;Us Kills IPO</title>
		<link>http://247wallst.com/2013/03/30/toys-r-us-kills-ipo/</link>
		<comments>http://247wallst.com/2013/03/30/toys-r-us-kills-ipo/#comments</comments>
		<pubDate>Sat, 30 Mar 2013 13:42:13 +0000</pubDate>
		<dc:creator>Douglas A. McIntyre</dc:creator>
				<category><![CDATA[24/7 Wall St. Wire]]></category>
		<category><![CDATA[IPOs]]></category>
		<category><![CDATA[AMZN]]></category>
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		<guid isPermaLink="false">http://247wallst.com/?p=184687</guid>
		<description><![CDATA[Toys&#8221;R&#8221;Us, battered by the same problems that have beset Barnes &#38; Noble Inc. (NYSE: BKS) and Best Buy Co. Inc. (NYSE: BBY), has pulled its initial public offer in at statement filed with the Securities and Exchange Commission. The growth of Amazon.com Inc. (NASDAQ: AMZN) and the online presence of huge retailers led by Wal-Mart [&#8230;]]]></description>
				<content:encoded><![CDATA[<p><a href="http://247wallst.files.wordpress.com/2012/11/merger.jpg" target="_blank"><img class="alignleft" alt="Merger" src="http://247wallst.files.wordpress.com/2012/11/merger.jpg?w=400&#038;h=317" width="400" height="317" data-credit="Thinkstock" data-id="168256" data-caption="" /></a>Toys&#8221;R&#8221;Us, battered by the same problems that have beset Barnes &amp; Noble Inc. (<a href="http://247wallst.dailyfinance.com/quote/nyse/barnes-noble-inc/bks" target="_blank">NYSE: BKS</a>) and Best Buy Co. Inc. (<a href="http://247wallst.dailyfinance.com/quote/nyse/best-buy/bby" target="_blank">NYSE: BBY</a>), has pulled its initial public offer in at statement filed with the Securities and Exchange Commission. The growth of Amazon.com Inc. (<a href="http://247wallst.dailyfinance.com/quote/nasdaq/amazoncom/amzn" target="_blank">NASDAQ: AMZN</a>) and the online presence of huge retailers led by Wal-Mart Stores Inc. (<a href="http://247wallst.dailyfinance.com/quote/nyse/wal-mart-stores/wmt" target="_blank">NYSE: WMT</a>) has nearly ruined the toy retailer&#8217;s prospects.</p>
<p>In its filing, the firm reported:</p>
<blockquote><p>Pursuant to Rule 477 promulgated under the Securities Act of 1933, Toys “R” Us, Inc. hereby applies for the immediate withdrawal of the above-referenced Registration Statement, which was originally filed with the Securities and Exchange Commission on May 28, 2010, as amended on July 9, 2010, August 16, 2010, October 1, 2010, March 28, 2011 and June 30, 2011, together with all exhibits thereto.</p>
<p>The Registration Statement was filed in connection with the proposed initial public offering by Toys “R” Us, Inc. of its common stock, which Toys “R” Us, Inc. has determined not to pursue at this time. Toys “R” Us, Inc. confirms that it has not sold any securities pursuant to the Registration Statement.</p>
<p>Toys “R” Us, Inc. requests that, in accordance with Rule 457(p) promulgated under the Securities Act, all fees paid to the Securities and Exchange Commission in connection with the filing of the Registration Statement be credited for future use.</p></blockquote>
<br />Filed under: <a href='http://247wallst.com/category/247-wall-st-wire/'>24/7 Wall St. Wire</a>, <a href='http://247wallst.com/category/ipos/'>IPOs</a> Tagged: <a href='http://247wallst.com/tag/amzn/'>AMZN</a>, <a href='http://247wallst.com/tag/bby/'>BBY</a>, <a href='http://247wallst.com/tag/bks/'>BKS</a>, <a href='http://247wallst.com/tag/wmt/'>WMT</a> ]]></content:encoded>
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