The two-day rally in YY Inc., the first Chinese company to debut shares in the U.S. since April, is signaling the revival of a market that is suffering the biggest dearth of initial public offerings since 2003.
Restoration Hardware Holdings Inc. is betting investors will be willing to pay a 60 percent premium to buy shares in its initial public offering as the home-furnishing retailer’s profits surge and the housing market recovers.
Josh Payne spent seven years in San Francisco, where a technology boom has pushed office rents to the highest level in a decade. He headed south to Los Angeles’s Venice area when starting his Internet firm, StackSocial Inc.
The Internet’s address-system manager will indefinitely delay announcing which companies applied for new Web suffixes as it diagnoses a breakdown that’s kept its application system offline since April 12.
Edward Shugrue lost $100 million of Oregon’s state pension fund during the credit crisis in 2008, within three years of getting the money to invest in commercial property debt. The retirement board took just 30 minutes last month to hand him another $125 million.