We have been hearing about Just Dial’s impending IPO since quite a while and now finally we have received confirmation about it. The IPO will open on May 20th, 2013 and the company has proposed the issuance of 17,497,458 equity shares having a face value of Rs. 10 each. This will be done through a sale by the shareholders which will be selling their shares. The company has also informed that a 10%...

Less than a month after taking a critical decision of postponing its IPO launch, tech support company iYogi has trained its sights on India for its next phase of expansion. Having experienced good regional adoption rates in the United States, the company is aiming for a 15% market share within the Indian technical support services segment. Founded by Uday Challu and Vishal Dhar in 2007, iYogi offers...

It appears Facebook’s poor show at the Stock Markets is giving the company continual troubles. The latest of which is a string of lawsuits claiming the site withheld critical information. One such suit has been filed by Gaye Jones who alleges that the Company’s Directors, despite knowing that Facebook did not disclose weaker revenue trends as more users accessed the website through mobile...

It has emerged that Andrew Mason, the founder of Groupon and the guy that basically invented the daily deals space has been asked to leave by the Groupon board. This move came after Groupon saw its stock price dropping 24% after it came to public notice that the company had bad earnings this quarter. Groupon announced that Mason will be succeeded by Groupon’s present chairman, Eric Lefkofsky. Eric...

Tech Support Company iYogi has taken a critical decision to postpone its IPO launch. The company will now focus on organic expansion from its US base to Indian & European companies. Having been the recipient of some serious rounds of funding, the company is now easily able to surpass US$ 100 Million in yearly revenues. But, owing to non-favorable global economic conditions & general dreary...

MobME Wireless, a startup launched more than 6 years back in Kerala, is now planning to become the first IT company in India to be listed on the NSE SME Exchange. The company has filed its DHRP with the SME section of the National Stock Exchange of India a week back for its proposed IPO. According to CEO and co-founder Sanjay Vijayakumar, the company will be offering 705,600 equity shares with the...

Since the news of Twitter’s going public hit the scene, speculations were rife about the valuation and procedure for its IPO. Twitter refrained from making any comments on the procedure but it sure had the plans of keeping the employees who have good stock value in their hands. Pressure built for Twitter to liquidate the equity for cash as it could not let go of the veteran talent that held the stocks....

Zynga shut down 11 games last December because these titles were not doing very well. The company has been facing very serious problems in terms of financials and stock market performance. Besides this, many senior management people have jumped ship leaving the company in a quandary. Zynga used Facebook to rocket ahead a few years back but now things are not very good between both companies and Zynga...

Bharti Airtel’s telecom tower subsidiary Bharti Infratel, has announced plans of an Initial Public Offer (IPO) & hopes to raise about US$ 845 Million. The IPO is supposedly the country’s largest in the past two years & will run from December 10 to 14. State run Coal India had managed to raise US$ 3.4 Billion in 2010 via its own IPO. Since then, the Indian investor scenario pertaining...

HomeShop18, the multi-mode retail arm of Network18 has allegedly filed for a ‘Confidential IPO’ with the New-York Based Stock Exchange NASDAQ. With this initiative, the company hopes to raise about US$ 100 Million. A Confidential IPO is a new technique of raising capital for established companies. Corporations who choose to file, do not have to disclose details or even the fact that they have...