An IPO is an Initial Public Offering and a DPO is a Direct Public Offering. They are identical from an accounting, legal and regulatory perspective. No differences whatsoever in that regard. Where there’s a difference is that people typically associate an IPO with an underwritten offering (e.g. Goldman Sachs, Morgan Stanley, etc.) and a DPO is “Direct” from/by the company and without an underwriter. Public Financial Services, LLC can help your company go public either way!
Zynga, the maker of FarmVille, CityVille, ZyngaPoker, Empire & Allies, Mafia Wars and other online games has filed for an initial public offering today. The company states they have more than 60 million daily active game players who spend more than 2 billion minutes of play time who create 38,000 virtual items every second. Amazingly, sales increased from $19.4 million in 2008, to $121.5 million in 2009 to $597.5 million in 2010. For the first three months of 2011, they reported sales of $235 million. The company raised $490 million in February 2011 at $14.03 per share and has filed to raise $1 billion of additional investment capital. Founder Mark Pincus owns 91.3 million shares, or 16%...
Initial Public Offering: HCA Holdings HCA Holdings, Inc. has filed an IPO. In their filing, HCA Holdings, Inc. is offering 124,000,000 shares of common stock. This figure is comprised of 87,719,300 shares of common stock offered by HCA Holdings, Inc. and 36,280,700 shares of common stock offered by the selling stockholders. They expect the price for the shares to be between $27.00 and $30.00 for this offering. Located in Nashville, TN, HCA Holdings, Inc. is the biggest non-governmental hospital operator in the U.S. and is a comprehensive, integrated provider of health care and other related services. As of December 31, 2010, they operated a portfolio of 164 hospitals, with around 41,000 beds,...
Initial Public Offering: Nexsan Corp. Nexsan Corp. has filed an IPO. In their filing, Nexsan Corp. does not specify the quantity or price of the shares of their common stock is being offered. In addition to this, 116,000 shares are being sold by the selling stockholder. Located in Thousand Oaks, California, Nexsan Corp. is a leading provider or disk based storage systems that allow mid-sized organizations to store their digital information. Their products optimize the efficient storage and protection of unstructured data, which is the kind of data that mid-sized organizations are increasingly producing. The company services several markets including, medical, digital surveillance, local government,...
Lone Pine Resources, Inc. has filed an IPO. In their filing, Lone Pine Resources, Inc. does not specify the quantity or price of the common stock that they are offering. Lone Pine Resources, Inc. is currently a wholly owned subsidiary of Forest Oil Corporation. They are an independent oil and gas exploration, development and production company that has operations in Canada in the provinces of Alberta, British Columbia, Quebec and the Northwest Territories. The company was incorporated in Delaware in September 2010. Their principle offices are located in Calgary, Alberta, Canada. As of December 31, 2010, the company had approximately 1.1 million gross acres of land (0.8 million net), and approximately...
State Investors Bancorp, Inc. has filed an IPO. In their filing, State Investors Bancorp, Inc. are offering up to 2,530,000 shares of common stock, to be sold at a price of $10.00 per share. State Investors Bancorp, Inc. is being formed in connection with the conversion of State-Investors Bank from the mutual to to stock form of organization. State Investors Bancorp, Inc. is a Metairie, Louisiana corporation that was recently formed. Their principal activity will be the ownership of all of the outstanding common stock of State-Investors Bank. State-Investors Bank is a federally chartered mutual savings bank. As of December 31, 2010, the bank had total assets of $208.7 million, deposits of $159.1...
Newgistics, Inc. has filed an IPO. In their filing, Newgistics, Inc. does not specify the quantity or price of the shares of their common stock is being offered. Located in Austin, Texas, Newgistics, Inc. is a leading U.S. provider of technology-enabled parcel and freight transportation solutions that provide services to direct-to-consumer retailers, manufacturers, distributors and logistics. They offer two business segments: parcel solutions and freight services. Over the last four years, they have experienced substantial growth in their operating income. Their current strategy is to improve their position as a leading provider of parcel transportation and to grow their freight solutions through...
TMS International Corp. has filed an IPO. In their filing TMS International Corp. does not specify the quantity or price of the common stock that they are offering. TMS International Corp. are the largest provider of outsourced industrial services to steel mills in North America, as measured by revenue and international presence. They offer the most comprehensive suite of outsourced industrial services to the steel industries. Their services are critical to their customers’ 24-hour-a-day operations, and enables them to generate cost savings and operational efficiencies. Their customer base includes 12 of the top 15 global steel producers including, United States Steel, Baosteel, ArcelorMittal...
Fusion-io, Inc. has filed an IPO. In their filing, Fusion-io, Inc. does not specify the quantity or price of the shares of common stock to be offered. Located in Salt Lake City, Utah, Fusion-io, Inc. is a company that has pioneered the next generation storage memory platform for the decentralization of data. Their platform significantly improves the capabilities in a data-center by relocating process-critical data from the centralized storage to the server where the data is being processed. Their hardware and software solutions allow for increased efficiency, enterprise grade performance, reliability and manageability. They currently sell their solutions through their global sales force and equipment...
Universal Business Payment Solutions Acquisition Corp. has filed an IPO. In their filing, Universal Business Payment Solutions Acquisition Corp. is offering 12,000,000 units. Each unit consists of one redeemable share of common stock and one redeemable warrant. Each unit has a price of $6.00 each. Universal Business Payment Solutions Acquisition Corp. is a blank check corporation that was incorporated in Delaware in November 2010. They were formed to acquire, through a merger, share exchanges, asset acquisitions, stock purchases, plans of arrangement, recapitalizations and reorganizations. They expect to focus on the financial services industry, but they do not intend to limit their search to...