Posts Tagged ‘IPO’

Alibaba Invests in Video and Mobile Search Leading Up to IPO

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Jon Russell of The Next Web reports, “Alibaba is gearing up for one of the largest technology IPOs in history with more significant strategy and investment moves. The latest, this week, saw the company lead a $1.2 billion investment in Chinese online video service Youku Tudou and link up with browser-make UC Web to launch a mobile search joint venture. Youku Tudou, which is comparable to a Chinese version of YouTube, is taking on investment from Alibaba and Yunfeng Capital, which will hold 16.5 percent and 2 percent shares respectively. The deal values Youku Tudou — which is listed on the NYSE and was created following a billion dollar merger in 2012 — at over $6.5 billion, but moreover it is a sign of Alibaba’s ambition to move into entertainment and mobile. Jack Ma, the iconic founder and now executive chairman of Alibaba, said that the deal would ‘accelerate our digital entertainment and video content strategy… and bring new products and services to Alibaba’s customers’.” Read more

Expert System Raises $27 Million in IPO

Expert System

CHICAGO, February 18, 2014 /PRNewswire/ — Semantic technology company Expert System today announced that it has raised over $27 million in the company’s IPO on Italian stock exchange AIM Italia. The company’s listing, which began trading this morning, is the largest in AIM Italia history. Expert System, which has two U.S. locations, plans to increase its U.S. investment, with the addition of sales and technical staff, and the opening of a new office in San Francisco next month. Read more