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Category Archive: NASDAQ Stock Market
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pheonix New media Plans to IPO on 12th May,Issue Price From $12 To $14
According to the iFeng News, iFeng Plans to IPO Issuance of shares reaches 12770 Thousands and Financing Scale reaches $165.98 Millions. According to the central parity interval of issue Price, iFeng market value of reaches about $ 980,000,000. iFeng plans to list on NYSE, The Code is FENG.Lead underwriter is Morgan Stanley, Deutsche Bank and Macquarie Capital, Cowen and Company and the China International Capital Corporation (CICC) as deputy underwriter.
Phoenix New Media is offering 11.5 million of the ADS, while the selling shareholders are planning to offer the rest.
The Hong-Kong based company provides premium content on an integrated platform across Internet, mobile and television channels in China. It allows consumers to access the content and share it on the Internet or through their mobile devices.
The company’s 2010 profit rose to CNY74.1 million ($11.2 million) from CNY287,000 the prior year, as revenue grew to CNY528.7 million ($80.1 million) from CNY262.3 million.
Phoenix New Media Limited is a cross-platform new media network company with three platforms: www.ifeng.com, 3g.ifeng.com, and v.ifeng.com
Tagged IPO, NYSE, pheonix New media
Russia Search Engine Company Yandex Submit IPO Expected Finance $1 Billions on Nasdaq
Russia Search Engine Company Yandex Claims today, They have submit IPO application to SEC.Yandex would go public on Nasdaq,The trading Code is “YNDX”. This company has not decided the stock numbers and IPO Price. This IPO they expect to finance 1 billions Dollars.As we all know,Google Finance $17 in 2004, This company may be the large scale of Financing since Google 2004.According to the latest News,This Company Valuation reaches From $6 Billions to 9 Billions.
The company made a net profit of $134.3 million in 2010 on revenue of $439.7 million, while operating costs and expenses amounted to $270 million.
Net income in the first-quarter of 2011 was $28.8 million, it said, and in March its yandex.ru website attracted 38.3 million unique visits.
Yandex Wiki
Yandex (Russian: Я́ндекс) is a Russian IT company which operates the largest search engine in Russia (with 64% market share[3], ranked eighth-largest in the world[4]) and develops a number of Internet-based services and products. The company’s mission is to give answers to users’ questions (explicit or implicit)