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Showing 3 posts tagged IPOs.

Canada Pension Plan to Acquire Neiman Marcus Despite IPO Registry

In July, the distinguished luxury retailer Neiman Marcus registered for an initial public offering. The current owners of the department store chain are a group of investors led by private equity firms TPG Capital L.P. and Warburg Pincus LLC. In response to losses in Neiman’s credit facilities, according to Reuters, the group had been seeking a non-public buyer among private equity firms and even sovereign wealth funds, but the offers did not meet price expectations. Those efforts were exhausted, and an IPO seemed to be the best remaining option. More >

Excitement in Biotech Industry Brings Wave of IPOs, Merger Offers

Large pharmaceutical companies, in the market for profitable new drugs to replace revenue streams from top drugs with expiring patents, are looking to smaller biotech companies for innovative products. That demand, along with a simplified Food and Drug Administration approval process for therapies for important unmet medical needs, has brought a wave of proposed and actual acquisitions of venture capital-backed biotech startups in just the first half of this fiscal year. More >

Closely Held Tech Company Buyer Values Twitter at $10 Billion

Twitter, Inc., has not announced a plan for an initial public offering, but experts assume the social media website will go public in the near term, based on its performance with advertising. One of Twitter's shareholders, however, has just upped its estimate of the service's value by nearly 10 percent. More >

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