HCA Holdings has placed private equity backed IPOs back in the spotlight. The large initial public offering follows recent IPOs by Kinder Morgan and Nielson Holdings. Reuters has an article on the ten largest U.S. private equity backed initial public offerings.
To read the Reuters article, please click here:
http://www.reuters.com/article/2011/03/10/us-private-equity-ipos-idUSTRE7280O420110310
James Sutliff
Growth Domestic Product was revised lower to a rate of 2.8%. Economists were expecting an upward revision of the original 3.2% figure to 3.3%. Consumer spending was also revised lower from 4.4% to 4.1%.
To read a CNN Money article, please click here:
http://money.cnn.com/2011/02/25/news/economy/gdp_revision/index.htm
James Sutliff
Venture capital fundraising has been uneven in the last few years. Accel Partners and Kleiner Perkins Caufield & Byers are two VC firms that have had success raising new funds. The success of Facebook and Groupon has worked to their advantage in the fundraising process. However, the economic environment and poor financial returns from previous venture capital investing has caused the number of new venture funds to decline to only 119 in 2010.
To read a related Wall Street Journal article, please click here:
Jim Sutliff
Deutsche Boerse will purchase NYSE Euronext with an all stock offer of $9.43 billion. Deustche Boerse will have 60% of the resulting entity. The deal still has to clear regulatory hurdles and gain approval from the U.S. Department of Justice and the Securities and Exchange Commission.
To read a related Bloomberg article, please click here:
Jim Sutliff
Gasoline prices hit an all-time high for this time of year at $3.127 per gallon. The price is 50 cents higher than last year at this time and 6 percent higher than in 2008. In 2008, gasoline prices went on a run and hit a ceiling in July at $4.11 per gallon.
To read a related Yahoo! article, please click here:
James Sutliff
The Dow Jones hit a 2 1/2 year high after posting a gain for the 7th straight day. The Dow increased 71.52 to settle at 12, 233.15. This level hasn’t been seen since June 16th, 2008. The consumer sector helped to drive the gain with positive earnings reports.
To read a related Wall Street Journal article, please click here:
Jim Sutliff
