Articles Tagged with ''Initial public offering''

Airbnb hires top Amazon exec as CFO as it moves toward IPO

Dave Stephenson hired as chief financial officer
Airbnb CEO Brian Chesky has said he plans to take the short-term rental company public before 2020, and now, the company has a new chief financial officer to help guide it through its initial public offering. Airbnb announced Monday that it is hiring Dave Stephenson away from Amazon to be its new CFO.
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SoFi to finally file for IPO?

CEO first teased an IPO back in 2014
Social Finance, better known as SoFi, first teased it would file for an initial public offering nearly three years ago. But this never came into fruition after the online peer-to-peer lender raised $1 billion from investors. But not so fast. Now, three years after it first mentioned a possible IPO, SoFi CEO Mike Cagney appears to be interested in filing for an IPO again.
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Redfin goes public, stock explodes in early trading

Stock opens at $15, quickly rises to $20
Online real estate brokerage Redfin became the latest real estate company to go public, when the company’s shares began trading on the Nasdaq on Friday morning. Traders ate up the stock after it began trading at approximately 10am Eastern on Friday. In early trading, Redfin’s stock (trading under the symbol “RDFN”) shot up past $20 per share, an increase of more than 35% above its initial trading price.
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SEC chair explores reason behind major drop in IPOs

Attempts to find ways to make IPOs more attractive
U.S. Securities and Exchange Commission Chairman Jay Clayton wants to fix the drastic decline in initial public offerings, hoping to in turn give individual investors more access to smaller companies. This is an issue that housing is not immune from. Remember when loanDepot pulled its IPO two years ago?
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Invitation Homes goes public, raises $1.54 billion

Stock for single-family rental operator up in early trading
After months of rumors, Invitation Homes, Blackstone Group’s single-family rental operator, finally went public on Tuesday, raising more than $1.5 billion in its initial public offering. And in early trading, the stock traded above the IPO price of $20, checking in at $20.26 as of 10:58 a.m. Eastern.
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Blackstone's Invitation Homes prepares $1.5 billion IPO

Will sell 77 million shares in single-family rental operator
The initial public offering for Blackstone Group’s single-family rental operator, Invitation Homes, is one step closer to reality, as the company disclosed the terms of its initial public offering on Monday. Per a filing with the Securities and Exchange Commission, Invitation Homes will offer 77 million shares in its IPO, with an estimated share price of between $18 and $21 per share.
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Blackstone reportedly files to take Invitation Homes public

WSJ reports IPO could raise $1.5 billion
Blackstone Group is apparently moving forward in its plans to take its single-family rental unit, Invitation Homes, public in 2017. The Wall Street Journal is reporting that Blackstone is taking the next step in the process, reportedly filing confidentially for an IPO that could come “as soon as January.”
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AIG plans to take mortgage insurer United Guaranty public

Activist investors are pushing for company split
Ceding to pressure from activist investors, American International Group plans to take its mortgage insurer, United Guaranty, public later this year. AIG cites several reasons why the United Guaranty is poised to succeed in the future, including the "improving fundamentals of the housing market," "favorable long-term demographic drivers," and "higher credit quality of new mortgage originations."
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loanDepot officially files for IPO

Number of shares, price range to be determined
loanDepot announced on Thursday that it filed for an initial public offering, confirming industry rumors that started at the beginning of September. So far, the number of shares to be offered and the price range for the proposed offering have not yet been determined.
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