Shares of child care services provider Bright Horizons jumped more than 28 percent in their first day of trading on the New York Stock Exchange.
The top securities regulator in Massachusetts has fined Citigroup Global Markets Inc. $2 million for failing to supervise analysts who improperly disclosed confidential information about Facebook’s initial public offering.
Maybe three years from now we’ll look back and say Facebook was a great buy, and so were casinos.
In 2004, days after Facebook founder Mark Zuckerberg launched his new website, he told the Harvard Crimson that he had no intention of making any money off of it.
Facebook has priced its initial public offering of stock at $38 per share, at the high end of its expected range.
Facebook is going from a private to public company. The shift is occurring as the Internet social network filed its long-awaited plans for an initial public offering of stock.
Facebook could file regulatory papers as early as Wednesday for its highly anticipated initial public offering of stock, according to a newspaper report.
“The IPO window is typically two years long,” said Fred Destin, a partner at Atlas Venture in Cambridge. “This one shut early.”
Shares of Dunkin’ Brands Group Inc. shot up 39 percent in morning trading on their first day on the Nasdaq.
Dunkin’ Brands Group Inc.’s $400 million IPO is expected to debut on the Nasdaq this week under the ticker symbol DNKN.