David Kirkpatrick

June 15, 2010

Facebook to IPO in 2012?

Filed under: Business, Technology — Tags: , , , , , , — David Kirkpatrick @ 12:55 pm

Maybe so.

From the link:

To be sure, Facebook has focused on increasing its membership, and it has been wildly successful on that score: the number of Facebook accounts is now nearing 500 million. So the sheer size of the Facebook audience is attractive to advertisers and app makers; and as a bonus, Facebook provides data tools to advertisers that help them make meaningful impressions on members of that audience.

But the company is deeply indebted to its venture capital backers, who, while already seeing dividends from Facebook’s current business, are looking forward to a big payday (investment plus return) at some visible point in the future. For now, Facebook’s investors are giving Zuckerberg and company plenty of time. People familiar with the situation say that you won’t see a Facebook IPO this year or next year, but you probably will see one in 2012.

April 14, 2009

Skype to IPO in 2010

Filed under: Business, Technology — Tags: , , , , — David Kirkpatrick @ 4:51 pm

Looks like eBay is going to give Skype it own legs early next year.

From the link:

EBay Inc. said it would spin off its Internet-calling business Skype through an initial public offering in the first half of next year, after the online auctioneer faced calls for months to unload the company, which has fallen short of expectations.

“Skype is a great stand-alone business with strong fundamentals and accelerating momentum,” said eBay Chief Executive John Donahoe. “But it’s clear that Skype has limited synergies with eBay and PayPal. We believe operating Skype as a stand-alone publicly traded company is the best path for maximizing its potential.”

Ebay bought Skype for $2.6 billion in 2005.

A group of private-equity firms recently teamed up to back Skype’s founders Niklas Zennstrom and Janus Friis in an attempt to buy back the business from eBay, according to people familiar with the bid. The proposal involved private-equity firms contributing some $1 billion to the deal, according to people familiar with the situation, though a full deal price could not be learned. The founders’ offer fell on deaf ears, as it was well below the price at which eBay was willing to sell the business.

August 13, 2008

A123 Systems announces IPO

Filed under: Business, Science, Technology — Tags: , , , , , , — David Kirkpatrick @ 12:37 am

A start-up with a battery to challenge lithium-ions has announced its initial public offering. A123 Systems has commercialized materials developed at MIT.

From the link:

A123’s success so far is due to its ability to develop ways to manufacture its nanostructured materials. The company’s competitors might solve similar problems themselves and produce batteries that could outperform A123’s. A123 has responded by investing heavily in research and development.

Here is the company’s release on the IPO news:

 A123 Systems, Inc.

A123 Systems Files Registration Statement for Initial Public Offering

WATERTOWN, Mass.–(BUSINESS WIRE)–A123 Systems, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.

The joint book-running managers of the proposed offering will be Morgan Stanley & Co. Incorporated and Goldman Sachs & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated will serve as co-lead manager, and Broadpoint Capital, Inc. and Lazard Capital Markets LLC will serve as co-managers.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Once available, a preliminary prospectus relating to these securities may be obtained from Morgan Stanley & Co. Incorporated, Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 866-718-1649 or by emailing prospectus@morganstanley.com and from Goldman Sachs & Co., Prospectus Department, 100 Burma Road, Jersey City, NJ 07035, telephone: 212-902-1171, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com

About A123 Systems

A123 Systems develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid services and portable power markets. Founded in 2001 and headquartered in Massachusetts, A123 Systems patented Nanophosphate technology includes nanoscale materials initially developed at and exclusively licensed from the Massachusetts Institute of Technology.

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