Recent Blog Posts
-
The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
Links
- Felix Salmon
- DealBreaker
- Ryan Avent: The Bellows
- The Epicurean Dealmaker
- Chris Anderson
- Ultimi Barbarorum
- MarketBeat
- Michelle Leder
- John Quiggin
- The Panelist
- Andrew Leonard
- Streetsblog
- Brad Setser
- Michael Mandel
- Financial Crookery
- Kash Mansori
- Dean Baker
- Calculated Risk
- Free Exchange
- Curbed
- Lance Knobel
- Econospeak
- Carbon Tax Center
- Overcoming Bias
- Mark Thoma
- Naked Capitalism
- Alphaville
- Barry Ritholtz
- Alexander Campbell
- The Bayesian Heresy
- Brad DeLong
- DealBook
- Greg Mankiw
- Deal Journal
- FP Passport
- Carl Bialik
- Marginal Revolution
- A Fistful of Euros
- Dan Gross
Blogs and Stocks
On Monday of last week, Marc Andreessen broke some big news on his blog: he'd sold his company, Opsware, to HP for $1.6 billion in cash. He was even forced to put some very small small print at the bottom, on the advice of his lawyers.
On Tuesday of last week, Opsware rival BladeLogic revised its IPO pricing. It was planning to go public at between $12 and $14 per share, but after looking at the Opsware valuation, it upped that price to between $16 and $17 per share.
On Wednesday of last week, BladeLogic priced its IPO at the top of the indicated range: $17 per share.
Late on Wednesday morning, BladeLogic's shares started trading at about $24 apiece, and have now settled down at the $25 level. That's a 47% rise from the IPO price, making BladeLogic one of the most successful IPO stories of the year, despite the atrocious market conditions in the face of which it launched.
BladeLogic's ticker symbol is BLOG.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
500 Startups Hits New York