The highest-profile Hoosier initial public offering was staged by Angie’s List Inc., the online provider of consumer reviews. The Indianapolis-based company raised $76 million by selling new shares, and existing stockholders raked in another $31 million by selling some of their holdings.
Things change so fast in the technology world that the prospectus ExactTarget Inc. filed four years ago when it first sought to go public reads today almost like something from the floppy-disk era.
Angie’s List Inc. fell 9.2 percent on Tuesday, dropping below its initial public offering price for the first time and joining a crop of Internet companies that have lost value since their IPOs this year.
The initial public offering price was $13, the high end of the range projected in regulatory filings. That price was more than quadruple the average price of $2.76 paid by prior investors.
Battery Ventures’ investments in Angie’s List Inc. and Groupon Inc. have produced more than $440 million in paper profit after the Internet-commerce companies sold shares to the public this month.
Angie’s List Inc. shares rose as much as 44 percent in their trading debut Thursday after the company raised $114 million Wednesday in its initial public offering. The stock closed the trading day up more than 25 percent, at $16.26 per share, after rising as high as $18.75 early in the morning.
Angie’s List Inc., the Indianapolis-based consumer-review service with more than 1 million paying members, raised about $114 million in its initial public offering Wednesday after pricing the shares at the top end of the proposed range.
U.S. initial public offerings are set to raise the most in six months in November as Delphi Automotive Plc and Angie’s List Inc. take advantage of the biggest rebound in the Standard & Poor’s 500 Index in 20 years.
Allison Transmission Inc. hasn’t given up on going public, despite nearly eight months passing since its initial filing with the Securities and Exchange Commission.
The Pendleton-based company filed plans in March to raise up to $100 million through an initial public offering.
Consumer review website Angie's List Inc. said Wednesday that it expects to raise roughly $66.4 million with its initial public offering and price its shares between $11 and $13.
In a Monday SEC filing, the company said it lost $43.2 million through the first nine months of 2011, pushing total losses since 2006 to $160.6 million. Angie’s List filed in August to go public.
ExactTarget Inc., which canceled plans for an initial public offering during the 2009 financial crisis, has hired JPMorgan Chase & Co. and Deutsche Bank AG to handle a new attempt, said sources familiar with the matter.
The company said in its initial public offering that it has lost money since its inception. But it still could be attractive to prospective investors, said a local lawyer who helps companies go public.
Consumer review provider Angie's List on Thursday filed the papers for an initial public offering of stock. The filing pegged the value of the offering at $75 million, though the Indianapolis-based company said that amount could change.
Indianapolis-based Allison Transmission in March said it planned to raise $750 million through a public stock sale, but the economic outlook has darkened since then.
Angie’s List Inc., a website that provides consumer reviews of plumbers, electricians and other services, is preparing to file in August for an initial public offering, said two people with direct knowledge of the plans.
Some Indiana firms are adding management and board firepower—moves likely to help them win over investors should they move ahead with public offerings.
CEO Scott Dorsey says remaining private in the short term allows the company to more easily exploit business opportunities on the horizon.
Shares of Endocyte Inc. have doubled since the company’s initial public offering in February—even though the common wisdom is it won’t see sales from its first cancer drug until 2014.
