Tag - IPO
A recent ruling by the United Kingdom's High Court has technically made the copying of CDs illegal in the country. A law that allowed the legal copying of copyrighted content for personal use, put into place only last year, has been overturned in the last few months after pressure from music industry groups, with the country's Intellectual Property Office (IPO) advising this technically makes software functions for ripping CDs to MP3, such as within iTunes, illegal once more.
Line Corp has applied for an initial public offering (IPO) on the Tokyo Stock Exchange, according to a rumor. The operator of the messaging service of the same name, owned by Naver of South Korea, is said to have made the request to the exchange two weeks ago, with the company claimed to be valued at over 1 trillion yen ($9.8 billion) by report sources.
According to sources familiar with the matter, domain name registrar GoDaddy is preparing for an initial public offering. Reportedly, the company is interviewing banks, who ultimately would lead to the underwriting of the IPO with a goal of trading commencing in the second half of 2014. Adding weight to remarks from the CEO from 2013 saying that an IPO was possible in 2014, GoDaddy seems to be primed to have a growth in profits. According to reports at the turn of the new year, GoDaddy's revenues are expected to climb nearly 10 percent in 2014.
Multiplayer game Titanfall is now available for pre-order as part of a special edition console bundle, according to Xbox One's blog. Titanfall will utilize new patty and chat improvements that have been in development for Xbox One, as well as multiplayer alerts for matches while users are watching TV, and more. In light of the game's upcoming launch, Xbox and Titanfall's creators -- Respawn Entertainment and Electronic Arts -- have announced the Xbox One Titanfall Bundle, priced at $500. The bundle includes a digital download of Titanfall, an Xbox One console and Kinect sensor, a wireless controller, a chat headset, and a one month Xbox Live Gold membership. The pre-order has begun, with the bundle available officially March 11.
Japan Display, the company currently responsible for manufacturing some of the screens for Apple's iPhone 5c and 5s, are readying an IPO offering to raise $4 billion in capital to expand production capacity and aid in development of future technologies. The company, formed of the display units from Hitachi, Sony and Toshiba and Japanese government backing, currently holds a 17 percent share of small and medium-sized displays in the world market.
Twitter has updated the set price per share for its Initial Public Offering (IPO) to $26 each, potentially valuing the company at $18 billion. The offering of 70 million shares is up from the previous expected range of $17 to $20 per share, and in the process earns the company $1.82 billion, along with increasing the overall valuation of the company even higher.
As previously reported, Facebook co-founder Dustin Moskovitz disclosed on August 24 that he had sold 900,000 shares of Facebook stock over the six business days following the "lockup" of the stock awarded to him during the IPO. According to filings with the Securities and Exchange Commission (SEC) he has been continuing this trend, and has shed another 450,000 at a rate of 150,000 per day from Monday through Wednesday.
Two Facebook insiders have sold massive amounts of shares awarded to them during the highly-anticipated IPO in the last two weeks. Earlier this week, Peter Thiel sold $400 million worth of shares in the company. Adding to that, Facebook co-founder Dustin Moskovitz sold 900,000 shares in the course of the last six consecutive business days.
The Facebook initial public offering (IPO) may have been hampered by the bank that brought the social network to Wall Street. The LA Times writes, Morgan Stanley was advising favored clients on reduced revenue estimates for Facebook, leading Wall Street insiders to avoid or drop shares. The US Securities and Exchange Commission will be looking into the Facebook IPO, with the Financial Industrial Regulatory Authority also expressing concern, particularly as this resulted in non-institutional investors with more shares than they had intended. With Facebook shares expected to be scarce, some investors over-ordered in the belief that they might miss out if they didn't, leaving them more exposed than they had planned.
Facebook sold 421.2 million shares at $38 each today, Bloomberg reports, raising $16 billion in the largest initial public offering by a technology company in history. The offering caps a storied past few weeks that saw representatives from the social network attempting to build investor confidence, even as reports emerged from other sectors that could well have undercut confidence in the company.
Now AAPL Stock: 102.95 ( + 6.28 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE