Groupon
Global X to launch first social media ETFPosted by RJ and Makay on Aug 24, 2011 |
>> Read More RJ & Makay Blog Posts
Global X Funds has applied for regulatory approval to launch an exchange-traded fund (ETF) that will invest in social networking stocks. The New York-based company is the first to roll out an ETF geared toward social media. The fund will track the Solactive Social Media Index now under development by German company Structured Solutions AG.
Morgan Stanley: Dominant IPO and M&A playerPosted by RJ and Makay on Jun 03, 2011 |
>> Read More RJ & Makay Blog Posts
Morgan Stanley has won out over Goldman Sachs as lead underwriter for the Groupon IPO, continuing a banner year for the firm and coming on the heals of the LinkedIn IPO it led two weeks ago.
LinkedIn shares end first trading day at $94.25Posted by RJ and Makay on May 19, 2011 |
LinkedIn Corp.’s (LNKD) sharp rise on its first day of trading today shows that U.S. investors may be hungry for similar stories coming out of the social media industry.
Shares of the professional-networking site opened at $83 dollars on the New York Stock Exchange, an 84% increase from its initial public offering price of $45. By mid-day it was trading at $112 a share, up 150%, valuing the company at $10 billion. The stock reached a high of $122.70 before declining in afternoon trading, closing at $94.25. For the day, shares were up $49.25, or 109.4%.
The Talmud
