News on Stock Offerings

Pay czar trims salaries at top of GM exec ranks

2010-03-19T15:45:40Z

<div><p>PHOENIX (Reuters) - The U.S. pay czar will slash the number of top General Motors Co executives who will receive base salaries of more than $500,000 this year.</p><p>Pay czar Kenneth Feinberg said...

Summary Box: Busy week shaping up for IPOs

2010-03-19T13:00:42Z

<div id="subtitle">Summary Box: Next week could be busiest week for IPOs since November 2007</div><div><p>HOW MANY: There could be as many as seven IPOs debuting next week. If all go through, it would be the busiest week since November 2007.</p><p>WHY NOW: Companies want to go public when investors are eager to make riskier bets. After a volatile start to the year, the stock market has stabilized with eight straight days of gains.</p><p>WHAT'S HOT:...

Stabilizing stock market giving IPOs a boost

2010-03-19T13:00:37Z

<div id="subtitle">More companies line up to go public as stock market stabilizes, giving IPOs a boost</div><div><p>The IPO market is set for its busiest week in more than two years as a steadier stock market and the success of one deal is encouraging more companies to sell shares to the public.</p><p>Companies planning initial public offerings have had a rough time this year as turbulent stock markets sapped investors' appetite for risk. Wary buyers demanded ...

HRPT Properties boosts size of public offering

2010-03-19T10:45:45Z

<div id="subtitle">HRPT Properties Trust increases size of public stock offering by 10M shares to 30M shares</div><div><p>HRPT Properties Trust increased the size of a public offering of common stock by 10 million shares to 30 million shares.</p><p>The real estate investment trust also said late Thursday that it priced the offering at $7.25 per share.</p><p>HRPT plans to use ...

Scorpio Tankers increases size of expected IPO

2010-03-18T06:45:29Z

<div id="subtitle">Shipper Scorpio Tankers boosts size of expected IPO, now hopes to raise about $187.5 million</div><div><p>Shipper Scorpio Tankers Inc. on Thursday increased how much it hopes to raise from its expected initial public offering to about $187.5 million from $150 million.</p><p>The company, which is based in the Mar...

MGM Mirage NJ exit greases wheels for HK listing

2010-03-18T05:15:29Z

<div><p>LOS ANGELES/HONG KONG (Reuters) - MGM Mirage's plan to exit the mature Atlantic City market in favor of booming Macau removes a year of overhang from the company and should clear the way for a share...

GM sees profit, possibly IPO this year: official

2010-03-17T11:16:23Z

<div><p>General Motors could be ready for an initial public stock offering as early as the second half of this year, the automaker's new chief financial officer said Wednesday.</p><p>"I think we have a reasonable chance of being profitable this year," Chris Liddell told reporters gathered for an informal meeting in SEOUL (Reuters) - Korea Life Insurance Co <088350.KS> shares closed up 8 percent in heavy trading on their debut on Wednesday, signaling keen demand ahead of bigger rival Samsung Life's planned $4 billion IPO in May.</p><p>Korea Life had priced its $1.6 bi...

Shin shuns limelight as Korea Life goes public

2010-03-16T23:15:15Z

<div><p>SEOUL (Reuters) - Shin Eun-chul is a four-decade insurance veteran who, into his eighth year in charge of South Korea's No.2 life insurer, has not given any media interviews.</p><p>That low profile is not unusual for the head of a flagship of one of South Korea's chaebol -- large, family-owned business gr...

Developers Diversified to use offering to pay debt

2010-03-16T14:45:44Z

<div id="subtitle">Developers Diversified prices $300 million public offering of senior notes</div><div><p>Developers Diversified Realty Corp., a real estate investment trust, said Tuesday it plans to use about $300 million from a public offering of senior notes to repay debt.</p><p>The shopping center owner said the underwritten public offering of...

Financial Engines shares soar in trading debut

2010-03-16T14:45:14Z

<div id="subtitle">Retirement advisory firm Financial Engines shares soar in IPO debut after raising $127M</div><div><p>Shares of Financial Engines Inc. soared nearly 44 percent in their market debut Tuesday, giving the portfolio manager and advisory firm the best first-day IPO performance so far this year.</p><p>Financial Engines' first-day gain is the third-highest in the past 12 mon...

Redgate Media cuts expected price for IPO

2010-03-16T06:00:29Z

<div id="subtitle">Chinese ad agency Redgate Media cuts price range for IPO, boosts number of shares offered</div><div><p>Chinese advertising company Redgate Media Group cut its asking price for shares in its initial public offering by 39 percent late Monday and delayed its IPO by a day.</p><p>The company, which conducts television, radio, billboards and Internet marketing campaigns in about...

Financial Engines prices shares above expectations

2010-03-16T05:15:47Z

<div id="subtitle">Retirement plan advisory firm Financial Engines prices above expectations; raises $127.2M</div><div><p>Portfolio manager and advisory firm Financial Engines Inc. became the first company since late November to price shares of its initial public offering above expectations, raising $127.2 million late Monday.</p><p>The Pal...

Phillips-Van Heusen to buy Hilfiger for $3 billion

2010-03-15T16:15:11Z

<div><p>NEW YORK/BANGALORE (Reuters) - Phillips-Van Heusen <PVH.N>, owner of the Calvin Klein label, agreed to buy fashion brand Transatlantic Holdings</div><div><p>Insurer American International Group Inc. said Monday it closed a secondary public offering of Transatlantic Holdings Inc. for about $452 million.</p><p>The nearly 8.5 million shares...

Financial Engines hoping to raise $160M in IPO

2010-03-15T07:45:30Z

<div id="subtitle">Retirement plan advisory firm Financial Engines hoping to raise $160 million in IPO</div><div><p>Portfolio manager and advisory firm Financial Engines wants to raise about $106 million in its initial public offering expected this week.</p><p>Three out of four companies priced shares within expectations last week, potentially signaling the rough start for the IPO mark...

KKR to list shares on NYSE

2010-03-12T11:30:18Z

<div id="subtitle">Private equity firm Kohlberg Kravis Roberts plans move to NYSE</div><div><p>KKR & Co. LP, the parent of private equity firm Kohlberg Kravis Roberts said Friday that it plans to list its shares on the New York Stock Exchange.</p><p>KKR originally sought a public listing in the PHILADELPHIA (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co <KKR.UL> has filed to list $2.2 billion in shares on the New York Stock Exchange, moving forward in its long effort to bec...

Crude Carriers shares fall in trading debut

2010-03-12T07:45:26Z

<div id="subtitle">Crude Carriers shares fall in trading debut after IPO raises $256.5 million</div><div><p>Shares of Crude Carriers are falling in their market debut Friday after its initial public offering raised $256.5 million.</p><p>Crude Carriers, based in Greece, had hoped to raise as much as $270 million.</p><p>Shares are trading Friday at $18.50 per share, down 50 cents, or 2.6 percent from their ...