The popular business networking site “LinkedIn” has filed for an IPO worth an estimated $175 million dollars. Co-founder and billionaire in the making Reid Hoffman, made the announcement yesterday, but did not indicate how many shares or at what price range they would be offered. The company has approximately 90 million users and is currently [...]
In: Business Stories · Tagged with: Billionaire, Business Networking, Co Founder, Facebook, Great Potential, Hoffman, Ipo, Linkedin, Members, Million Dollars, Networking Giant, Salary Information, Social Networking
By Mark Kleis
Several sources familiar with the preparations of General Motors’ upcoming initial public offering are, according to the latest projections, suggesting that American taxpayers could take a loss on the offering, potentially pushing off payback for years.
The U.S. taxpayers currently lay claim to a 61 percent ownership stake in GM, meaning taxpayers would need [...]
In: Business Stories · Tagged with: American Taxpayers, Automaker, Economic Uncertainty, General Motors, Gm, Incentives, Initial Public Offering, Ipo, Likelihood, Market Valuation, November 2nd, Ownership Stake, Payback, Reuters, Roadshow, S Market, Salary Information, Selling Shares, Target Value, Wall Street