DJIA: 18,151.58  -137.05 (-0.75%) | NASDAQ: 4,960.438  -47.658 (-0.95%) | S&P 500: 2,100.51  -16.88 (-0.80%) Markets close in 4 hrs 25 mins

  • Show Article Details

    GlaxoSmithKline has hired Citi, Goldman Sachs and Morgan Stanley as financial advisers on its ViiV Healthcare unit as the drugmaker explores a partial initial public offering of its HIV medicines unit, sources familiar with the matter said. Britain's biggest drugmaker, which is due to release full-years results at 1200 GMT, declined to comment on the news on Wednesday.

  • Show Article Details

    Becoming better at predicting its revenue growth might actually be hurting Twitter, which has lost nearly half its value since its 2013 IPO. Twitter's revenue growth has a bright spot amid issues with user growth and engagement. Must Read: 16 Rock-Solid Dividend Stocks With 50 Years of Increasing Dividends and Market-Beating Performance.

  • Show Article Details

    This little piggy went to market--and doubled. Investors with memories of the 100% first-day gain of Chipotle Mexican Grill Inc.' s share price following its initial public offering nine years ago were hungry for seconds. That helps explain Shake Shack Inc.' s 130% pop last week when it went public.

  • Show Article Details

    HONG KONG-- Alibaba Group Holding Ltd. Executive Chairman Jack Ma said Monday the company's financial affiliate should go public but he hasn't decided on a timetable or a listing location. His comments came after Bloomberg reported last week, citing unnamed sources, that Zhejiang Ant Small& Micro Financial Services Group which contains Alibaba's Alipay payment processing and financial services arm is planning for an initial public offering that could take place next year.

  • Show Article Details

    Jack Ma, chairman of Chinese e-commerce giant Alibaba Group Holding (BABA), said on Monday he hoped the company's financial affiliate would list in Asia but the exact timing and location were unknown. Asked if a listing were possible this year for Zhejiang Ant Small & Micro Financial Services Group, which runs the Alipay online payment platform, Ma told reporters: "I don't think so."

  • Show Article Details

    It's not just investors that made out like bandits Friday as Shake Shack (SHAK) ended its first day of trading 120% higher than its IPO price. Every Shake Shack (SHAK) manager got stock options Friday, CEO Randy Garutti told CNBC. The company has 160 managers who also get revenue-sharing and health benefits. Employees start at least $10 an hour in the New York metro area, where the chain has 16 restaurants.

  • Show Article Details

    Shares of Spark Therapeutics Inc (ONCE) more than doubled in their debut, valuing the gene-therapy company at nearly $1.5 billion and underscoring investor's interest in the field that recently produced a million-dollar drug. The company's shares opened at $45.10 in their debut on Friday, nearly double their IPO price of $23, and soared to a high of $50 with about 6.6 million shares changing hands.

  • Show Article Details

    Shares of Shake Shack  opened at $47 on Friday, the day of the burger chain's IPO, well above its initial public offering price of $21. TheStreet's Jim Cramer says the bar has been set too high here and notes the company had upped the IPO price numerous times.

  • Show Article Details

    Burger chain's stock opens a stunning 125% above issue price. NEW YORK-- Shake Shack Inc. (SHAK) shares rallied sharply in their market debut Friday, opening a staggering 125% above their initial public offering price. The New York burger chain priced its shares late Thursday at $21, which was above the price range of $17 to $19 a share, itself $3 above the prior range.

  • Show Article Details

    Shares of Shake Shack (SHAK)  are trading higher by nearly 130% from its initial public offering price of $21 per share Friday morning in its first day of trading on the New York Stock Exchange. The stock was priced above the expected range of $17 to $19 per share late yesterday, and opened at $47 per share this morning.

  • Show Article Details

    Shake Shack (SHAK) is no longer just a cult favorite for foodies. The upscale burger joint's shares surged 135% Friday morning in their debut on the New York Stock Exchange. Shake Shack (SHAK) priced its initial public offering at $21 a share Thursday evening -- above the price range Shake Shack (SHAK) set earlier this week. The company raised $105 million from the stock sale.

  • Show Article Details

    NEW YORK-- Shake Shack (SHAK), whose newly minted shares begin trading Friday, lifted its ambitions as IPO- market demand heated up this week. The New York burger chain priced shares in the initial public offering at $21, well above an updated range of $17 to$ 19, which itself was $3 higher than the prior range. It sold 5 million shares and could sell another 750,000 shares to meet demand.