The value of new U.S. stock listings has only ticked up modestly from 2022, when rapidly rising interest rates and COVID-related distortions in some industries depressed IPO activity.
As of December 31, 2024. Source: Bloomberg Finance L.P.
Showing posts with label 2010 IPOs. Show all posts
Showing posts with label 2010 IPOs. Show all posts
Tuesday, December 31, 2024
Tuesday, March 15, 2016
The Fresh Market (TFM) to be sold to Apollo Global Management (APO)
New York-based private equity firm Apollo Global Management has agreed to purchase The Fresh Market for $1.36 billion, the two companies said Monday.
News of the deal follows weeks of speculation about which of a number of suitors may end up acquiring Greensboro, N.C.-based The Fresh Market (Nasdaq: TFM), a specialty grocery retailer with nearly 200 stores in 27 states.
Among those said to have an interest in The Fresh Market was Cincinnati-based Kroger, with word leaking on Feb. 10 that Kroger was in the second round of an auction process that also attracted other companies and private equity firms. Kroger (NYSE: KR) is the nation’s largest operator of traditional supermarkets.
The cash tender offer puts a value on the company of $28.50 per share, or about 24 percent above what shares closed at last Friday, and more than 50 percent above what they were trading at in early February when speculation began that The Fresh Market might be sold.
The deal with Apollo was approved unanimously by The Fresh Market's board of directors, though Ray Berry, who founded the grocery retailer in 1982 and serves as chairman, recused himself from board discussions about the deal and from the vote on Apollo's offer.
Additionally, The Fresh Market can solicit alternative acquisition proposals through April 1.
The sale of The Fresh Market comes nearly six years after a 2010 initial public offering that was part of the company's plans to aggressively expand nationwide. At the time The Fresh Market went public, it had 95 stores in 19 Eastern and Midwestern states.
Record sales in 2011 were followed by further westward expansion in 2012, a year when the company said it planned to open 16 stores including an entry into California.
By late 2012, shares of The Fresh Market hit a peak of more than $62 and the Berry family and top executives had significantly reduced their stake in the company, with the sale in the middle of that year of a combined 10 million shares.
News of the deal follows weeks of speculation about which of a number of suitors may end up acquiring Greensboro, N.C.-based The Fresh Market (Nasdaq: TFM), a specialty grocery retailer with nearly 200 stores in 27 states.
Among those said to have an interest in The Fresh Market was Cincinnati-based Kroger, with word leaking on Feb. 10 that Kroger was in the second round of an auction process that also attracted other companies and private equity firms. Kroger (NYSE: KR) is the nation’s largest operator of traditional supermarkets.
The cash tender offer puts a value on the company of $28.50 per share, or about 24 percent above what shares closed at last Friday, and more than 50 percent above what they were trading at in early February when speculation began that The Fresh Market might be sold.
The deal with Apollo was approved unanimously by The Fresh Market's board of directors, though Ray Berry, who founded the grocery retailer in 1982 and serves as chairman, recused himself from board discussions about the deal and from the vote on Apollo's offer.
Additionally, The Fresh Market can solicit alternative acquisition proposals through April 1.
The sale of The Fresh Market comes nearly six years after a 2010 initial public offering that was part of the company's plans to aggressively expand nationwide. At the time The Fresh Market went public, it had 95 stores in 19 Eastern and Midwestern states.
Record sales in 2011 were followed by further westward expansion in 2012, a year when the company said it planned to open 16 stores including an entry into California.
By late 2012, shares of The Fresh Market hit a peak of more than $62 and the Berry family and top executives had significantly reduced their stake in the company, with the sale in the middle of that year of a combined 10 million shares.
Thursday, December 8, 2011
Thursday, August 12, 2010
MakeMyTrip Ltd. (MMYT) started trading on the NASDAQ
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT) India. Through its primary Website, www.makemytrip.com, and other platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. Its services and products include air tickets, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to travel insurance. The Company provides its customers with access to all major domestic full-service and low-cost airlines operating in India and all major airlines operating to and from India, over 4,000 hotels in India and a selection of hotels outside India, Indian Railways and several major Indian bus operators.
Friday, August 6, 2010
NXP Semiconductors NV (NXPI) started trading on the NASDAQ
NXP Semiconductors N.V. (NXP) is a global semiconductor company and a supplier. The Company provides High-Performance Mixed-Signal and Standard Products solutions. NXP’s product solutions are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. It is engaged with original equipment manufacturers (OEMs) worldwide and over 58% of its sales are derived from Asia Pacific (excluding Japan).
The Company operates in four segments: High- Performance Mixed-Signal, Standard Products, Manufacturing Operations and Corporate and Other. On February 23, 2010, NXP acquired the 50% stake owned by Sony Corporation (Sony) in Moversa GmbH (Moversa), and merged Moversa with its subsidiary NXP Semiconductors Austria GmbH. On February 8, 2010, Trident Microsystems, Inc. (Trident) completed its acquisition of its television systems and set-top box business lines. As a result of the transaction, NXP owns 60% of Trident.
Friday, July 16, 2010
QlikTech (QLIK) began trading on the NASDAQ on 16 July 2010
Qlik Technologies Inc. (QlikTech), through its wholly owned subsidiaries, the Company sells software solutions that deliver data analysis and reporting solutions. QlikTech’s software platform, QlikView, combines enterprise-class analytics and search functionality. The Company’s solution addresses the needs of a range of customers from middle market customers to large enterprises, such as Autodesk, Campbell Soup Company, Colonial Life, The Dannon Company, Inc., Heidelberger Druckmaschinen AG, ING, Kraft Foods, Lifetime Brands, Nasdaq OMX, National Health Service (NHS), Qualcomm, Symantec and Volvo Car UK Limited. It has customers in over 100 countries, and approximately 75% of its revenue, during the year ended December 31, 2010, was derived internationally. On January 22, 2010, QlikTech acquired Syllogic Corporation (Syllogic).
Address
150 Radnor Chester Road Suite E220
Radnor, PA 19087
United States
Tuesday, June 29, 2010
Tesla Motors (TSLA) started trading on the NASDAQ on June 29, 2010
Ticker: TSLA
Tesla Motors, Inc. designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. The Company owns its sales and service network, and markets and sells its vehicles directly to consumers through the phone and Internet, in-person at its corporate events and through its network of Tesla stores. The Company commercially produces an electric vehicle, the Tesla Roadster. The Tesla Roadster offers acceleration and performance without producing any tailpipe emissions. In addition, it provides services for the development of electric powertrain components and sells electric powertrain components to other automotive manufacturers. On July 1, 2010, it introduced the Roadster 2.5, with new styling and an upgraded interior. As of December 31, 2010, it had delivered over 1,500 Tesla Roadsters to customers in 31 countries, almost all of which were sold in North America and Europe.
Address
3500 Deer Creek
Palo Alto, CA 94304
United States
Elon Musk, CEO of Tesla Motors, stands with his fiancee Talulah Riley and his twin sons Griffin, left, 6, and Xavier at the Nasdaq’s opening bell to celebrate the electric automaker’s initial public offering on Jun. 29, 2010.
Address
3500 Deer Creek
Palo Alto, CA 94304
United States
Tesla CEO Elon Musk waves in front of the Model S at the Tesla factory in Fremont, Calif.
Subscribe to:
Posts (Atom)