Word: ipos
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...opens a new location. Famous habitués, from Tom Cruise to Julia Child, have given the fare impassioned (unpaid) endorsements. In short, says Perman (a former TIME writer), "it is the envy of the industry and the darling of investment bankers, who routinely put In-N-Out on their IPO wish list...
...since it launched software in 2003 that allows free long-distance calls over the Internet. eBay paid $2.6 billion for Skype four years ago because it believed the free voice operator would mesh well with its auction business. It didn't. Now eBay is spinning off Skype in an IPO, after taking a $1.4 billion write-down. Still, Skype is profitable and growing, and it rolled out an Apple iPhone app, much to the consternation of carriers everywhere...
...Caliente. Hot. In any tongue, stock in Rosetta Stone, the popular language-learning software company that just went public - yes, IPOs still exist - is blazing. On the evening of April 15, the company was able to price its IPO at $18 per share, above the estimated range of $15-17. It was the first IPO to price above its range in nearly a year. The next day, shares shot up 40%, the best one-day IPO rise in the last year (on April 23, the stock closed at $25.60 per share, 42% above the IPO price...
...worldwide, the Nielsen Company estimates that language learning is an $83 billion industry). Also, a second language enhances your resume; job searchers need every advantage they can get these days. "In this era of unemployment, language skills are very much in vogue," says Scott Sweet, senior managing partner at IPO Boutique, a research firm. "It can open up so many more doors." Though Rosetta Stone software is expensive - the typical three-level program costs about $500 - it's still more cost-effective than the classroom, or extensive one-on-one tutoring...
...debate over Rosetta Stone's effectiveness has yet to sour the stock. But investors hoping that the stock's success will start an IPO surge - there have only been four offerings this year - might be disappointed. Rosetta Stone worked because it's a profitable company with solid growth prospects and manageable debt. Many IPO hopefuls don't share these traits. "Anyone who thinks that the IPO pipeline will open up is mistaken," says Sweet. "Institutions and retail investors won't even look at the stock if the company it debt-ridden, is losing money, or if sales are lumpy. There...