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Marketo surges in 1st day of trading, company raises $79.3 million in initial public offering

NEW YORK, N.Y. - Shares of Marketo, a provider of cloud-based marketing software, leaped in their trading debut on Friday. The stock rose $7.70, or 59.2 per cent, to $20.70 in afternoon trading. The shares were priced at $13, at the high end of the expected range of $11 to $13 per share. The broader markets rose just under 1 per cent. Marketo raised about $79.3 million in the offering.

General Motors stock rises above $33 initial public offering price for first time in 2 years

DETROIT - Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares reached $33.77 Friday before slipping back to close at $33.42, up 3.2 per cent. The auto giant sold shares to the public for $33 in a November 2010 IPO, but they've traded below that price since May 4, 2011.

Shares of Tableau Software soar in trading debut after raising $254.2M in IPO

NEW YORK, N.Y. - Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering. Seattle-based Tableau Software Inc. provides software that helps businesses convert data into visual presentations. The shares jumped $17.50, or 56 per cent, to $48.50 in morning trading. Earlier, the company sold 5 million shares for $31 each and total proceeds of $155 million. Certain shareholders sold an additional 3.2 million shares at the same price for $99.2 million.

William Lyon Homes rise 2 per cent in 1st day of trading on the New York Stock Exchange

NEW YORK, N.Y. - Shares of homebuilder William Lyon Homes rose 2 per cent after the company's stock was sold to the public Thursday. The stock, which had been trading over the counter before its debut Thursday on the New York Stock Exchange, closed at $25.50, up 50 cents from its starting price of $25. Shares of William Lyons that had traded over the counter closed at $29.70 Wednesday after a reverse stock split, which reduced the amount of shares available. The reverse stock split gave investors 1 new share for every 8.25 they owned.

DDR buying 30 shopping malls from JV with Blackstone for $1.46B; offering up to $250M in stock

BEACHWOOD, Ohio - DDR Corp. is buying 30 of 44 U.S. shopping centres from a joint venture it has with private equity firm Blackstone Group LP in a deal worth $1.46 billion, saying it expects to make money by raising rents at the malls and redeveloping them. They include centres in Boston, Chicago, Washington and Minneapolis among others.

Quintiles Transnational shares soar in 1st trading day on New York Stock Exchange

Shares of Quintiles Transnational Holdings Inc. are surging in their trading debut on the New York Stock Exchange. The stock is up more than 9 per cent to $43.79 in midmorning trading while broader indexes are down slightly. That's a $3.79 increase from the Durham, N.C., company's $40 initial public offering price. The IPO raised a total of $947.4 million for the company, selling shareholders and their underwriters.

Dell takeover bid faces fresh challenge from investors Icahn, Southeastern Asset Management

Dell's largest independent shareholder has teamed with activist investor Carl Icahn in another challenge to founder Michael Dell's $24.4 billion bid to take the struggling computer maker private. Southeastern Asset Management and Icahn said in a letter sent Thursday to the Dell Inc. board that they want to let shareholders keep their stock and give them either $12 per share in cash or additional shares in a deal that keeps the company publicly traded. They said this would give shareholders a stake in future gains made by the Round Rock, Texas, company.

New Zealand power company IPO prompts vigorous trading as 50M shares trade in 3 hours

WELLINGTON, New Zealand - Shares in a state-owned New Zealand power company rose 9 per cent in their stock market debut, giving a boost to the government's asset sale plans. The government sold 49 per cent of Mighty River Power to investors for 2.5 New Zealand dollars ($2.10) a share. The shares reached a high of NZ$2.73 in the first day of trading Friday. About 50 million shares changed hands within three hours. The government raised NZ$1.7 billion ($1.4 billion) from the share sale.

Shares of Cyan fall slightly in trading debut after raising $88M in initial public offering

PETALUMA, Calif. - Shares of Cyan Inc. fell slightly in their trading debut after the company raised $88 million in an initial public offering. In midday trading, Cyan shares fell 4 cents to $10.96, after initially dropping as low as $9.96. Earlier, the company sold 8 million shares for $11 each in the IPO. In addition, the offering's underwriters — Goldman, Sachs Petaluma, Calif.-based Cyan provides a software-driven transport and switching platform for network operators. Its shares are being traded on the New York Stock Exchange under the symbol "CYNI."

Tableau Software expects IPO to raise up to $215.3 million

(Reuters) - Data analysis software maker Tableau Software Inc said it expects its initial public offer to raise up to $215.3 million at a price of $23 to $26 per share. The company will sell 5 million shares, while shareholders will sell 2.2 million shares, Tableau said in an amended filing with the U.S. Securities and Exchange Commission. (http://link.reuters.com/xug87t) The underwriters have the option to purchase up to an additional 1,080,000 shares.
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