Amit Chowdhry | November 18, 2011 | 447 views | 1 Comment
Categorized under Benchmark Capital, Bessemer Venture Partners, Bessemer Ventures, Citigroup, Citigroup Inc., Elevation Partners, Goldman Sachs Group Inc., Goldman-Sachs, Jefferies & Company, Jeremy Stoppelman, Max Levchin, Yelp

Yelp is a local business review website that has filed for a $100 million IPO. Goldman Sachs, Citigroup, and Jefferies are working as the lead underwriters. However the San Francisco based company has not selected an exchange to be traded on. Yelp is using multiple classes of shares for the public offering.

Amit Chowdhry | November 11, 2011 | 504 views | Add a Comment
Categorized under Citigroup, Citigroup Inc., EMI Publishing

Citigroup Inc. (NYSE:C) is nearing a deal to sell off major music company EMI Group for $4.1 billion. Citigroup is talking with Universal Music Group to sell EMI’s recorded music division for $1.9 billion while the publishing division would go to Sony Music for $2.2 billion. Citigroup had first announced plans to sell EMI in June after music distribution and online piracy took a toll on EMI’s profitability. Citigroup is expected to make the official announcement by this weekend. Most likely it would take months to get regulatory approval. [VentureBeat]
Amit Chowdhry | October 25, 2011 | 351 views | Add a Comment
Categorized under Citigroup, Citigroup Inc., JPMorgan Chase and Co., Netflix, Reed Hastings

The stock price of Netflix, Inc. (NASDAQ:NFLX) has plummeted about 34% in heavy trading today. This is one day after the company announced a loss of over 800,000 subscribers. The company is also expecting to lose many more subscribers after adjustments to the new separation of DVDs and streaming services model. The stock price is trading at about $78.01 as of the time I am writing this article. Yesterday, the company’s stock was trading at about $93.30. In July, the company’s stock was at $300. Since July, Netflix has lost a market value of about $9.76 billion.

Amit Chowdhry | June 15, 2011 | 654 views | Add a Comment
Categorized under Citigroup, Citigroup Inc., JPMorgan Chase and Co., Morgan Stanley, Pandora

Internet radio company Pandora Media Inc (NYSE:P) has gone public today. Pandora priced their shares at $16. Pandora opened at $20 and jumped to $26. This is an increase of over 60%.

Amit Chowdhry | March 16, 2011 | 601 views | Add a Comment
Categorized under Citigroup, Citigroup Inc., Zillow

Online real estate company Zillow has hired Citigroup to manage a future IPO. The timing of the IPO is not yet known. Zillow is a company where renters and home buyers/sellers can list and search for properties and discover their value. Zillow earns revenue from selling ad space on their website and mobile app. [BusinessWeek]
Amit Chowdhry | February 2, 2011 | 702 views | Add a Comment
Categorized under Citigroup, Citigroup Inc., EMI Publishing, Maltby Investments Limited, Roger Faxon, The EMI Group

Citigroup Inc. (NYSE:C) has acquired Maltby Investments Limited, a financial company that controls the music record label company EMI Group. EMI distributes music for Katy Perry, Gorillaz, The Beatles, Pink Floyd, and Radiohead. EMI’s debt has been reduced by 65% to about $2 billion. Citigroup will also recapitalize the company with about $484 million. EMI’s management will not change and Roger Faxon will remain as CEO.
Amit Chowdhry | November 27, 2010 | 2,868 views | Add a Comment
Categorized under Citigroup, Citigroup Inc., Oppenheimer & Co. Inc., Piper Jaffray, Piper Jaffray Companies, Rodman & Renshaw LLC, Sky-mobi Ltd.

Sky-mobi Ltd. is a China based mobile application store service under the name of Maopao that has filed for an IPO this past Friday. The company is hoping to raise $150 million in the IPO. In a filing with the SEC, Sky-mobile did not specify how many American depositary shares they would be offering. They plan to trade on the Nasdaq Global Market under “MOBI.”

Amit Chowdhry | October 23, 2010 | 2,438 views | 1 Comment
Categorized under citi, Citigroup, Citigroup Inc.

Citigroup Inc. (NYSE:C) is testing a new credit card technology that has two buttons and tiny lights. The new credit cards would allow the consumer to decide whether to pay with reward points or credit.
