Internet Companies
divulge into IPOs to seek out for investors and plan their expansions,
witnessing the encouraging success in the market.
With the recent launch
of IPO of LinkedIn worth $9 billion, social gaming website Zynga is
planning to launch an IPO in the market in 2 weeks time. Goldman Sachs
may be a lead banker, besides the other investors- Morgan Stanley,
T.Rowe Price, and Fidelity Investments. Zynga is worth $10 billion in
the private markets.
Groupon also joins the
herd with a motive to raise $750 million. Its revenues in 2010 were
$713 million, while in Quarter 1 of 2011 revenue was $ 644 million;
there was a loss of $146 million last quarter.
With the trend moving
towards more and more online industry companies coming up with IPOs, the
business surrounding the virtual and interactive world is surmounting.
In May, the officials of Angry Birds, the popular game for mobile
devices, announced that the company plans to launch its IPO in next few
years. The company has seen tremendous success after it was launched in
December 2009, and is also planning to enter China’s mobile market.
The way the consumers
have started spending their dimes and times on online interactivity, be
it professional, entertainment, or operations related, opportunities lie
definitely at the hands of the innovative marketer and investors as
well.
No comments:
Post a Comment