(Reuters) – Emergency Medical Services Corp., bought by Clayton, Dubilier & Rice LLC in 2011, has selected Goldman Sachs Group Inc. (GS.N), Barclays Plc (BARC.L) and Bank of America Merrill Lynch (BAC.N) to lead the underwriting of a $750 million IPO that may come in the third quarter, sources told Reuters.
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(Reuters) – Blackstone Group LP‘s (BX.N) SeaWorld Entertainment Inc raised $702 million in an initial public offering on Thursday, according to an underwriting source. At a valuation of $27 per share, Blackstone is set to make 2.6 times its investors’ money, a source says.
(Reuters) – Software security company Palo Alto Networks filed with regulators to boost the expected price range of its initial public offering to between $38 and $40 per share.
SEC Chairman Mary Schapiro recently told Congress it was “not feasible” to meet the JOBS Act’s 90-day deadline for the implementation of changes to Securities Act Rule 506 to permit general solicitation in private placements to accredited investors.
Companies last year raised about $26 billion in IPOs on Shenzhen’s Small & Medium Enterprise (SME) board and on ChiNext, its Nasdaq-style start-up market — more than double the new listings on Nasdaq and two-thirds more than London, Thomson Reuters data show.
JMI Equity holds 59.8 million shares of ServiceNow stock valued at more than $1.07 billion at $18 per share. It stands to make 80x return on its investment of $13.5 million.
Elevation Partners, the private equity firm that famously counts Irish rock star Bono among its co-founders, sold 5.2 million of its Facebook shares (or 13% of its stake) for $198 million as part of Facebook’s IPO on Friday.
(Reuters) – Facebook Inc. priced its initial public offering at $38 a share, giving the world’s No. 1 online social network a $104 billion valuation in the third largest offering in U.S. history.
Early results for our latest poll show that most peHUB readers have no plans to buy shares in the world’s most popular social network, with many of them saying Facebook is overvalued. What do you think?