Alibaba confirms plans to offer IPO in US

China e-commerce giant Alibaba Group confirmed early Sunday that it plans to become a public company in the US.

Rumored to be near for months, a US IPO would "make us a more global company and enhance the company's transparency," the company said in a brief note on its Web site. The statement did not indicate which stock exchange the company would choose for its listing.

Alibaba, which controls nearly 80 percent of China's Internet shopping market, is expected to raise more than $15 billion, giving it a $130 billion valuation. That lofty target would challenge … Read more

Candy Crush: The one-hit wonder worth billions?

If you're one of the 97 million people who play Candy Crush Saga every day, consider yourself a sweet treat for King, the company behind the game, which finds itself ready to net around $326 million from the sale of shares in a public offering later this month.

On Wednesday, King updated its prospectus, filed with the Securities and Exchange Commission, to reveal that it plans to price its shares at between $21 and $24 a piece. At the high end of that range, King is slapping a $7.6 billion value on a company that makes 180 titles … Read more

Candy Crush Saga maker aims for $613M in IPO

King, the company behind the wildly popular Candy Crush Saga and other popular social games, has provided a look into exactly how much it thinks it can raise in its impending IPO.

The Securities and Exchange Commission (SEC) on Wednesday released an amended filing from King showing that the games maker plans to offer 22.2 million shares at its IPO and price them between $21 and $24. Another 3.3 million shares will be offered for over-allotments, should demand for the company's stock surge.

If King can offer all 25.5 million shares at a maximum offering price … Read more

Candy Crush Saga maker King files for IPO

King Digital Entertainment, a digital-gaming provider perhaps best known for its Candy Crush Saga title, has filed papers with the Securities and Exchange Commission (SEC) to go public.

King's statement with the SEC is exceedingly short on details, due mainly to the company still needing to decide how many shares will be offered, who will be offering those shares, and when it will go public. However, the filing statement does indicate that nearly 120 million shares were outstanding as of 2013. It's not clear how many of those will be offered to the public. If King follows through … Read more

Adventure-cam maker GoPro plans IPO

GoPro is GoingPublic.

The San Mateo, Calif.-based company, which makes rugged videocameras that show the exploits of skiers, bikers, surfers, and even toddlers and dogs, said Friday that it's filed its initial paperwork to hold an initial public offering.

"The offering is expected to commence after the SEC completes the review process initiated by GoPro's confidential submission on Friday, February 7, 2014, of its draft registration statement," the company said. That confidentiality means it's not yet possible to pore through the company's financial results.

For decades, Japanese companies like Canon, Olympus, Pentax, and … Read more

Twitter's Q4 debut: Slowing user growth betrays revenue strength

Twitter's first-ever quarterly earnings, which the social network announced Wednesday, beat analysts' estimates. For the fourth quarter, Twitter brought in $243 million in revenue, and adjusted earnings of 2 cents per share. And at the end of the quarter, it had 241 million monthly active users.

Quarterly earnings for the company were up 116 percent from the fourth quarter a year ago. However, it posted a net loss of $511.5 million for the quarter, and its net loss for all of 2013 came in at $645.3 million.

For the full 2013 fiscal year, the company posted $664.… Read more

Box said to have secretly filed for an IPO

Cloud-storage service Box may be ready to go public.

The company has secretly filed paperwork for an initial public offering, reported Quartz on Thursday. Box has tapped banks Morgan Stanley, Credit Suisse, and JP Morgan Chase as its top underwriters and could be looking to raise about $500 million in an IPO, said Quartz.

If true, it's not an unexpected move. CEO Aaron Levie said early last year that the company was eyeing an IPO in 2014. Box is aiming to hold its IPO in the second quarter, reported The New York Times.

Responding to a request for comment, … Read more

Judge: Facebook lawsuit over botched IPO can go on

The saga over Facebook's bungled initial public offering in May 2012 continues. US District Judge Robert Sweet has ruled the lawsuit can continue -- despite Facebook and bankers' intentions to get it thrown out, according to Reuters.

The social network became embroiled in this extensive legal battle shortly after its $16 billion IPO last May. The company's stock opened on the Nasdaq priced at $38 a share and, aside from a slight uptick right at the start, proceeded to plummet in the days and weeks following.

Dozens of shareholders sued Facebook claiming it failed to disclose in the … Read more

Twitter stock hits high marks with new ad rollout

Since going public last month, Twitter has been rolling out various features to snag marketers' attention. It appears this work has paid off. The social network's shares are the highest they've been since the company's first day on the New York Stock Exchange.

Gaining 9.3 percent on Monday, Twitter's shares closed at $49.14. The only other time the social network saw those types of numbers was on its first day of trading when its shares soared from $26 to $50.09, and then closed at $44.90. In the last few weeks, Twitter's … Read more

Xbox One in your living room

Xbox One in your living room:

In this episode of Update:

- Here's what Xbox One in your living room is like.

- More light gets shed on the infamous Google barge.

- Gogo to bring talk and text to the friendly skies.

- Twitter is scary for newbies.

CNET Update delivers the tech news you need in under three minutes. Watch Bridget Carey every afternoon for a breakdown of the big stories, hot devices, new apps, and what's ahead. Subscribe to the podcast via the links below.


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