Tagged: common stock

Redhat 0

August 11, 1993: Red Hat Goes Public

Red Hat is a Linux distribution  and a vendor. They are on the S&P 500 company list for it. Founded in 1993, this company has provided a more professional type of open source software – giving pay support and Enterprise editions for IT pros. CEO Bob Young brought the company to this point. They filed for IPO in 1999. It turned out to be one of the largest Wall Street Gains in history. They put up 900,000 shares of common stock. Red Hat spiked at $136 a share, but is currently at $57 Also, Palm released the Palm VIIx and Vx handheld computers. VIIx...

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Facebook 0

February 1, 2012: Facebook Announces IPO

2012 – Facebook’s Mark Zuckerberg announced the company will be filing for Public IPO. The company will be looking for 5 billion dollars for the social network. Zuckerberg wrote in a letter to potential investors: We think it’s important that everyone who invests in Facebook understands what this mission means to us, how we make decisions and why we do the things we do. I will try to outline our approach in this letter. Trading began on May 18, 2012 at $38 and whereas the company was expecting a higher price, the stock closed at $38.23. The following day the...

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Microsoft Logo 0

February 1, 2008: Microsoft Bids Yahoo, 2012: Facebook Files IPO

2008 – Microsoft officially made a move to put a bid in for Yahoo! They announced a plan of $31 a share, which was 62 percent of premium common stock from Yahoo! This was not the first time Microsoft had made a play for the company, but this was the most covered by press. Yahoo! would eventually decline the offer of Microsoft, claiming they undervalued the company. This would bring Carl Ichan to the forefront which would lead to months of speculation and debate.  Although Yahoo! did not take the bid, they did end up selling the search assets in 2009 under...

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