Tag Archives: bad-request

IPO Calendar: Alibaba-Backed Baozun On List Of 5 IPOs

Five companies, including two e-commerce companies, are set to raise nearly $1 billion this week with IPOs. E-commerce technology provider Baozun plans to raise $143 million by offering 11 million shares at a price range of 12 to 14 per share. Baozun provides e-commerce services designed to help its brand partners establish a market presence and launch products on official brand stores and major online marketplaces in China, such as JD.com (JD)

Wall Street, news media ‘misunderstand’ Apple, Carl Icahn says

Billionaire activist investor Carl Icahn pounded the table for Apple (AAPL) on Monday, saying the stock is way undervalued. In an open letter to Apple CEO Tim Cook, shareholder Icahn said Apple stock is worth $240 a share, 86% higher than Friday’s closing price of 128.77. Apple was up over 1%, above 130, in afternoon trading in the stock market today. Icahn assumes Apple will enter the TV market next year and the electric car market by 2020. Apple has yet to confirm either move. “Apple is poised to enter and in our view dominate two new categories (the television next year and the automobile by 2020) with a combined addressable market of $2.2 trillion, a view investors don’t appear to factor into their valuation at all,” Icahn said.

Cree To Spin Off Power And RF Subsidiary In An IPO

Cree (CREE) announced Monday that it will spin off its Power and Radio-Frequency Products (RF) subsidiary in an initial public offering. The LED lighting maker said it submitted a draft registration statement to the Securities and Exchange Commission for an IPO. Cree didn’t disclose how much it plans to raise from the IPO or how many shares it will sell or the price. The Power and RF subsidiary is raising capital to invest directly in the business