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    Stingray Digital Group, a business-to-business music provider and media company, said on Friday it plans to go public through a listing on the Toronto Stock Exchange. A source familiar with the company's plans, who asked not to be named as the details of the offering are not yet public, said Stingray plans to raise C$120 million via the IPO that is expected to close sometime in early June.

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    IPO could value it at $1 billion. Oportun Inc., a consumer lender that focuses on Hispanic communities in the U.S., is preparing for an initial public offering this year, according to people familiar with the matter. The Redwood City, Calif.-based company is working with investment banks including Goldman Sachs Group Inc. and Morgan Stanley on an IPO that could value the business at around $1 billion, the people said.

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    Software developer Apigee Corp said its initial public offering has been priced at $17 per share, the midpoint of an expected range of $16-$18. The price means the company will raise about $87 million from the IPO of 5.1 million shares, and it values the company at about $494.5 million.

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    Software developer Apigee Corp said its initial public offering has been priced at $17 per share, the midpoint of an expected range of $16-$18. The price means the company will raise about $87 million from the IPO of 5.1 million shares, and values the whole firm at about $494.5 million.

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    Laureate Education Inc, the world's biggest for-profit education chain, is in talks with banks for an initial public offering, a person familiar with the matter told Reuters. The IPO, however, is not expected before 2016, the person said on Thursday.

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    Laureate Education Inc, the world's biggest for-profit education chain, is in talks with banks for a $1 billion initial public offering, Bloomberg reported, citing people familiar with the matter.

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    AshleyMadison.com hopes to raise $200 million in an IPO. Call it shares for affairs. The Toronto-based media company Avid Life Media Inc., which owns Ashley Madison, the "most famous website for discreet encounters between married individuals," announced last week that it hopes to raise $200 million in an initial public offering in London later this year after failing in a previous attempt in Canada last year.

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    Fogo de Chão, the Dallas-based Brazilian steakhouse chain, filed on Monday for an initial public offering, saying it would raise $75 million, according to its S-1 filed with the Securities and Exchange Commission. Terms of the offering have yet to be disclosed and the $75 million is likely a placeholder figure until those terms are closer to being finalized.

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    China will switch to a "registration system" for initial public offerings, ending the current approval process, the official China Securities Journal reported on Tuesday, a day after parliament began reviewing draft changes to the Securities Law.

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    Steakhouse chain Fogo de Chao has filed for an initial public offering of its shares in the United States. Dallas-based Fogo de Chao, backed by buyout firm Thomas H. Lee Partners LP, has outlets in Brazil and the United States. The company, founded in Brazil in 1979, set a nominal fundraising target of $75 million in the filing.

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    The biotech IPO boom, sparked by a more favorable regulatory climate and new cutting-edge medical technology, is expected to remain intact for the foreseeable future on robust appetite for high-growth stocks. "Although biotech IPO performance hasn't been great in 2015, we haven't seen evidence of a major turn in the market-- the Nasdaq Biotech Index has continued to climb--so we'd expect at least a modest amount of activity to continue," said Greg Leffert, an analyst at...

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    Etsy (ETSY), the online bazaar of handcrafted goods, received gobs of attention for its initial public offering last Thursday, in which shares nearly doubled to close at $30. Its big public offering could also help shine a spotlight on something else, though — the certification of "B Corp," which the company holds.That third-party badge, which comes from a nonprofit called B Lab, is intended to signal to customers, future employees and investors that a company has a strong commitment to being a good corporate citizen. To earn the certification, companies need to meet certain standards of social and environmental performance, accountability and transparency.Etsy (ETSY), for its part, has done plenty to earn its B Corp status, such as giving workers paid time off to volunteer, paying employees well above the local living wage and composting its office food waste. The company holds a score of 105 out of 200, according to B Lab's Web site, significantly higher than the score of 80 that's required to be eligible for certification.[CEO Chad Dickerson on his philosophy for running Etsy]Etsy (ETSY) is among the first certified B Corps to be publicly traded. Yet as more companies look for ways to juggle social responsibility and shareholder value, it's worth taking a deeper look at what the certification means, both to companies and investors. Her are five questions and answers that help explain the concept.So what's a B Corp? B Lab’s Web site says the designation aims to be to businesses "what Fair Trade certification is to coffee or USDA Organic certification is to milk.” Some companies that go through the certification see it as a marketing tool that helps promote their do-gooder business approach in a credible way to customers, potential employees or socially minded investors. Others see it as an organizing principle that helps hold them accountable to their corporate ideals when making decisions.To become a B Corp, companies first fill out an online assessment. After getting their score, they can elect to continue the process through a review with a B Lab staffer. To complete the certification, companies then must meet certain legal requirements that vary by state and reshape their legal cover for the company's management and board, so they can make decisions that benefit stakeholders besides just investors. (More on this below.) Companies must then get re-certified every two years.How much does it cost to become a B Corp? Katie Kerr, a spokeswoman for B Lab, said there are no fees to take the assessment that determines eligibility. But to become certified, the nonprofit requires annual fees based on a sliding scale. Those with annual revenues of less than $1 million pay a fee of $500 a year; those with revenues greater than $1 billion will pay a fee of $50,000 or more a year. Kerr said the fees go toward discounts, events, online portals for sharing best practices, as well as advertising and public relations campaigns by B Lab that feature certified companies.How many B Corps are there? Currently there are more than 1,200 B Corps, based in some 38 countries. Several recognizable brands have been certified, including baby food maker Plum Organics, ice cream maker Ben & Jerry’s, New Belgium Brewing Co., online glasses retailer Warby Parker, outdoor gear line Patagonia and soap maker Method Products.Yet it’s not all crunchy consumer products that have made the effort to get the sustainability stamp of approval. Law firms, manufacturing companies and real estate developers have all become B Corps. Vermont-based Green Mountain Power became the first public utility company to get certified.What’s the difference between a B Corp and a benefit corporation? It's a confusing but important distinction. B Corp is the name given to companies that have been certified by B Lab. A benefit corporation, meanwhile, is a legal status conferred by one of 27 states (plus Washington, D.C.) that have passed legislation allowing a new class of corporation.When companies incorporate under the benefit corporation legal structure, their responsibility to other stakeholders — such as employees or the community — becomes part of their charter. This means the companies are required to weigh the impact of their decisions on others besides just shareholders. The idea is to give these companies legal protection for working toward more than mere profit, but also give shareholders a way to hold them accountable if they slip on their social mission.Just to make it more confusing, B Lab has been part of the push for states to adopt the benefit corporation status. As part of its certification process, it also requires companies in most states to either become a benefit corporation or amend their legal documents so they mirror that structure. B Lab's site says that in Delaware, where Etsy (ETSY) is incorporated, certified B Corps are required to eventually become benefit corporations. Etsy's CEO, Chad Dickerson, told the New York Times (NYT) that for now, the company does not have plans to make the transition.What does this mean for investors? It’s too soon, really, to know. Etsy (ETSY) and Rally Software are the only two publicly traded U.S. companies to hold B Corp status. And like Etsy (ETSY), Rally Software also isn't registered as a benefit corporation. Making that conversion in the state of Delaware, where both are incorporated, would require a vote of 90 percent of shareholders, a very high bar. (A spokeswoman for Rally Software declined to comment on whether it planned to become a benefit corporation.)Still, it will be interesting to watch how such companies find a way to balance their social and financial goals in a business world that has long believed the purpose of a public corporation is to maximize shareholder value.Some investors could be concerned the focus on eco-friendly efforts or generous worker pay is happening at the expense of profits. Etsy’s Dickerson, for his part, has said a focus on people and profits can coexist. As he wrote in a company blog post Thursday, “Etsy (ETSY) has become a touchpoint of debate for larger issues, including whether the human-centered craftsmanship that we exist to support is compatible with being a public company, which requires a new set of responsibilities to shareholders. We understand the concern, but reject the premise that there is a choice to make between the two.”Read also:Podcast: Etsy CEO Chad Dickerson on leadershipCreating a class of 'do-good' companiesCan a happy, crunchy company like Etsy (ETSY) really survive on Wall Street?Like On Leadership? Follow us on Facebook (FB) and Twitter, and subscribe to our podcast on iTunes.




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    Indonesian conglomerate Lippo Group has appointed Credit Suisse and Bank of America Merrill Lynch to lead its first round of funding, worth $200 million, for its e-commerce push. Lippo, controlled by the Riady family, has also chosen Rothschild as its financial adviser for the transaction.