Ticker Talk
- Share via
Ariba Inc. raised the expected size of its initial public offering by as much as 53% on Monday. The Sunnyvale, Calif.-based provider of e-commerce systems systems filed an amended registration statement with the Securities and Exchange Commission saying it hopes to sell 5 million shares for $20 to $22 each, raising as much as $110 million. . . . Online magazine Salon.com’s IPO was priced at $10.50 a share Monday, its underwriter, W.R. Hambrecht, said. The price was at the low end of the $10.50-to-$13.50 range set in April. Salon (ticker: SALN) is going public under a new format called the “OpenIPO,” which lets investors bid on their shares and is designed to give individuals more influence in setting new stocks’ prices.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.