Momo, Inc. (MOMO) IPO Opens Up Nearly 6%
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Momo, Inc. (MOMO) Prices 16M Common IPO at $13.50/ADS (BABA)
December 11, 2014 6:55 AM ESTMomo, Inc. (Nasdaq: MOMO) announced that it has priced its initial public offering of 16,000,000 American depositary shares ("ADSs") at US$13.50 per ADS for a total offering size of US$216.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each... More
Alibaba (BABA) Numbers Ratcheted Higher at Evercore ISI
December 10, 2014 9:11 AM ESTEvercore ISI analyst Ken Sena raised estimates and his price target on Buy-rated Alibaba (NYSE: BABA) to $130.00 (from $125.00) citing the international opportunity.
Sena commented, "With only 10% of Alibabas revenue booked as International Commerce, we believe the figure under-represents Alibabas cross-border opportunity because only goods sold internationally from China are booked in this line. Moreover, it is this World-to-China opportunity, or imports rather, that could stand to pave the way for Alibaba to become a more globalized platform. In this report, we worked with our China-focused macro team to explore Alibabas opportunity in... More
FIDO Alliance Publishes 1.0 Specifications Covering UAF and U2F (ARMH) (SYNA) (GOOG)
December 9, 2014 8:27 AM ESTThe FIDO (Fast IDentity Online) Alliance (https://www.fidoalliance.org/), an open industry consortium delivering standards for simpler, stronger authentication, today published final 1.0 drafts of its two specifications -- Universal Authentication Framework (UAF) and Universal 2nd Factor (U2F). Members of the FIDO Alliance comprise device manufacturers, online service providers and enterprises, who can now implement and broadly commercialize FIDO 1.0 specifications to make authentication simpler and stronger for all.
*** Members... More
