GeoCities , 24/7 Media and other issuers are sticking to plans for initial stock sales this week, following several days of market volatility that caused at least a dozen companies to postpone initial publicofferings, according to Bloomberg News .
GeoCities, 24/7 Media and other issuers are sticking to plans for initial stock sales this week, following several days of market volatility that caused at least a dozen companies to postpone initial public offerings, according to Bloomberg News.
GeoCities, a host for advertising-supported Internet “communities,” plans to raise $61.8 million today. Ad network 24/7 Media Inc, plans to raise $42.3 million on Wednesday. CitySearch Inc., an operator of online city guides that provide restaurant reviews, plans to raise $48 million next week.
These and 18 other issues scheduled to raise $1.97 billion next week will face an audience of investors grown increasingly cautious following the stock market’s wide swings last week, Bloomberg said. The IPO market is “like Missouri, the Show-Me state,” said Ted Hatfield, a director at Credit Suisse First Boston Corp. “Any time there’s market volatility, (the buying community) tends to retrench and be more selective.”
More about:
Customers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...
View resourceThe Merkle B2B 2023 Superpowers Index outlines what drives competitive advantage within the business culture and subcultures that are critical to succ...
View resourceMaking forecasts and predictions in such a rapidly changing marketing ecosystem is a challenge. Yet, as concerns grow around a looming recession and b...
View resourceEight fresh launches this week — spanning viral food mash-ups, brand reinventions, and nostalgia-fueled creative. Read More...
View articleA J.Crew storefront sign in New York City. From Ivy League Catalogs to Chapter 11 A Preppy Phenomenon Is Born J.Crew launche...
View articleAs healthcare apparel evolves beyond basic uniforms to premium lifestyle products, FIGS leads with purpose-driven branding and global ambitions—but me...
View articleRetailers are building media empires, creators are becoming sales channels, and brands that connect the two are redefining how products get discovered...
View articleA Holistic Approach to Measuring DTC Success Beyond Amazon Read More...
View articleAdobe’s 2024 results showcase the power of subscriptions, but the model’s challenges are prompting businesses to rethink how they deliver value and re...
View articleEven retail giant Amazon needs a little Hollywood magic during the holiday season. Read More...
View articleCannes Lions, where the advertising world's most daring minds gather to redefine the rules of engagement. This year, a new creative order has emerged,...
View article
Leave a Reply
You must be logged in to post a comment.