LinkedIn To Go Public

The popular business networking site “LinkedIn” has filed for an IPO worth an estimated $175 million dollars.  Co-founder and billionaire in the making Reid Hoffman, made the announcement yesterday, but did not indicate how many shares or at what price range they would be offered.  The company has approximately 90 million users and is currently […]

TAXPAYERS FACE LOSSES ON GM’S INITIAL PUBLIC OFFERING

By Mark Kleis Several sources familiar with the preparations of General Motors’ upcoming initial public offering are, according to the latest projections, suggesting that American taxpayers could take a loss on the offering, potentially pushing off payback for years. The U.S. taxpayers currently lay claim to a 61 percent ownership stake in GM, meaning taxpayers […]

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