Now you can buy shares of Facebook, Twitter, Groupon, Zynga, etc. before IPO
Now There are ways to buy shares of social network companies such as Facebook, Twitter, Groupon, LinkedIn, Zynga, etc. Two Web sites SharesPost.com and SecondMarket.com, which is also a registered brokerage, provide electronic platforms that allow qualified investors to buy shares from company insiders and employees who want to cash out before a company goes public.
SharesPost.com- The SharesPost Venture-Backed Private Company Index is a [...]
Goldman Sachs to allow only non-US investors to buy shares in the Facebook
Goldman Sachs (GS) which had already invested $450 million in social networking site Facebook, decided to restrict its scale of shares to investors outside the United States. Goldman Sachs is expected to raise as much as $1.5 billion from investors for Facebook. Facebook would certainly benefit from not being seen as a totally US owned company.
The Goldman said, “the shares will be restricted to non-US investors because, the level of media [...]
ExamWorks Group Inc (EXAM) to buy Texas-based MES Group Inc for about $200 million
US independent medical examinations provider ExamWorks Group Inc (EXAM) said it planned to buy Texas-based MES Group Inc for about $200 million in cash and stock, including USD10m in debt. MES’ Veterans Evaluation Services business remains outside the deal. The takeover price comprises USD175m in cash and 1,424,501 ExamWorks shares worth some USD25m.
The ExamWorks Group will use its existing cash resources and a senior revolving credit [...]
Lions Gate Entertainment in talks with Carol Icahn over merger with Metro-Goldwyn-Mayer (MGM)
Lions Gate Entertainment (LGF) has met with Metro-Goldwyn-Mayer (MGM) to present a proposal to combine the two studios once MGM emerges from bankruptcy. Lions Gate vice chairman Michael Burns confirmed on CNBC the studio has been holding talks with Investor Carol Icahn, who owns 33.5 percent stake of Lions Gate.
Icahn had threatened a proxy battle in the past, but has recently advocated a merger between Metro-Goldwyn-Mayer and Lions Gate [...]
Sandler O’Neill + Partners, L.P. is selling stake to Carlyle Group and Kelso & Co
Sandler O’Neill + Partners, L.P., an investment bank focused on financial services, is selling a minority stake to private equity firms Carlyle Group [CYL] and Kelso & Co to help fund growth. The investment bank’s current management team, led by James Dunne and Jonathan Doyle, will remain in place after the deal.
Sandler O’Neill & Partners, L.P. is an investment banking firm that provides financial advisory, balance sheet [...]
Loyds Banking Group Sells private equity business to Coller Capital- Cavendish Square Partners LP
Lloyds Banking Group (LBG) has agreed to sell its private equity business, earning LBG £332 million in cash for transferring the 40 investments held by its Integrated Finance unit to a new joint venture with Coller Capital in which the bank will hold a 30 percent stake.
Lloyds will retain a stake of about 30 percent in a new joint venture called Cavendish Square Partners LP. “This deal will ensure that we share in any future upside in [...]
Bank of China fund-raising, valuation-wise very attractive
Bank of China Asia’s third-largest lender by market value plans to raise as much as 60 billion yuan ($8.9 billion) in a rights offer to replenish capital. The lender said July 2 it will sell shares in Shanghai and Hong Kong. The stock rose 0.3 percent to 3.4 yuan. The stock was unchanged at HK$3.97 on June 30 before trading was suspended the next trading day.
Bank of China’s, the country’s fourth-largest bank, major fund-raising [...]
