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    Alibaba (BABA) downgraded to neutral at Wedbush on China economy concerns. It has been 11 months since Chinese e-commerce giant Alibaba Group Holding Ltd. (BABA) went public in the biggest initial public offering on record, but some of the concerns raised by analysts and industry commentators ahead of its IPO have started to play out. Since going public, the company has dealt with regulatory inquiries, an embattled Chinese economy and decelerating sales growth.

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    L.A. investment bank raises more than $220 million in offering. Boutique investment bank Houlihan Lokey priced its initial public offering at $21 a share, below expectations, according to a person familiar with the offering. The deal raised $220.5 million by selling 10.5 million shares, according to the person.

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    Houlihan Lokey Inc's initial public offering was priced at $21 per Class A share, below the IPO range of $22-$24, according to an underwriter. The IPO raised $220.5 million for the company's shareholders and valued the boutique advisory firm at about $1.37 billion. The company also cut the size of its offering to 10.5 million shares from 13.1 million, the underwriter said.

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    Global Blood Therapeutics (GBT) shares are up 85.10% to $37.02 in afternoon trading on Wednesday, after the biopharmaceutical company priced its 6 million share IPO at $20 per share. The announced IPO price is ahead of the company's previous IPO price guidance between $16 and $18 per share.

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    Likely to be first of flood of business-technology firms in market. Pure Storage Inc., a data-storage startup valued at roughly $3 billion by its investors, filed Wednesday to go public in what is likely to be the first of a flood of business-technology firms in the IPO market. The company boasts the hallmarks of the latest class of hot tech startups: Fast growth and heavy losses.

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    Data storage company Pure Storage Inc filed with U.S. regulators on Wednesday for an initial public offering of common stock. Morgan Stanley, Goldman Sachs, Barclays and Merrill Lynch, Pierce, Fenner & Smith are among the underwriters to the IPO. Pure Storage makes flash-based storage devices, which are typically much faster than storage that runs on hard disk drives.

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    Neiman Marcus recently filed for an initial public offering with the Security and Exchange Commission. The company filed for a $100 million IPO. The luxury retailer was publicly traded until 2005 and then acquired by the private equity firms Warburg Pincus and TPG.

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    The news about Google's (GOOG) reorganization fits the big picture pattern perfectly -- the company's stock is on the rise. A couple weeks ago, our analysis showed this chart, in a zoomed-in view of daily price bars. That spike not only blew by the upper 3 and 4 standard deviation bands, but spiked to test the upper 6 standard deviation band.

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    Shares of Petrobras are rising by 1.98% to $6.17 in mid-morning trading on Monday, on speculation the Brazilian state-run oil company has attracted a suitor for its Liquigás gas asset, Reuters reports, citing Brazilian newspaper O Estado de S. Paulo.

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    Adding a little luxury to the stock market, Neiman Marcus has announced plans for an initial public offering later this year under the ticker symbol NMG. The timing, number of shares to be offered and other details are yet to be determined. The company did not name any underwriters in the prospectus it filed with the Securities and Exchange Commission.

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    * Petrobras plans to spin off assets to reduce debt. * Shares drop after early gain. * Deal hinges on market conditions. The board of Petróleo Brasileiro SA has backed a plan to seek regulatory approval for an initial public offering of the state-controlled oil producer's fuel-distribution unit, a securities filing on Friday showed.

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    The board of Petróleo Brasileiro SA has approved a plan to request regulatory permission to list the state-controlled oil producer's fuel distrbution unit on the São Paulo Stock Exchange. In a securities filing distributed early on Friday, the company known as Petrobras said the execution of an initial public offering of the BR Distribuidora unit hinged on global and domestic market conditions.

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    Planet Fitness Inc. (PLNT) stock tumbled below its initial public offering issue price Thursday on its first day of trade. Shares fell more than 10% to trade just above $14 in the first minutes of trade on the New York Stock Exchange. although they recovered to move back above $15 later in the session. The shares had priced at $16 late Wednesday, the high end of the price range of $14 to $16. The company sold 13.5 million shares to raise $216 million.

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    Shares of Philadelphia Energy Solutions Inc (PESC), operator of the biggest oil refinery on the U.S. East Coast, is unlikely to price on Thursday, a person familiar with the IPO said. The 149-year-old company, which private equity firm Carlyle Group LP saved from closure in 2012, had been expected to begin trading on Thursday.

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    Fitbit Inc. (FIT) is poised for its worst daily percentage drop Thursday since its debut in June despite robust quarterly earnings as the maker of wearable fitness-tracking devices posted second-quarter gross margin that missed expectations. Fitbit (FIT) reported gross margin of 47% when Wall Street had expected 48%, according to analyst Steven Wardell at Leerink Partners who attributed it to a mix of new products. "While a lower gross margin adversely affects earnings, we believe that...