4 Tech Stock Stories Buzzing Along on Friday
BlackBerry Ltd. (NASDAQ:BBRY): Closing price $8.73
Two sources told Bloomberg that the Canadian smartphone maker hired the accounting firm PricewaterhouseCoopers to evaluate the company for potential suitors. A team of accountants and lawyers from New York have been working in BlackBerry’s headquarters in Waterloo, Ontario, since August, according to the sources. The publication reported that BlackBerry has been working with an increasing list of consultants after beginning a strategic review in August.
Priceline.com Inc. (NASDAQ:PCLN): Closing price $1002.50
Shares closed at $1,003.01 on Friday, surpassing a dot-com bubble high and making the No. 1 domestic online travel site the ninth member of a group of American companies trading in quadruple digits. The bubble-era high on a split-adjusted basis was $990 in April 1999, and the stock passed $1,000 in intraday trading on Wednesday. Shares have advanced by 61 percent thus far in 2013, versus a 21-percent gain for the S&P 500.
JinkoSolar Holding Co. Ltd. (NYSE: JKS): Closing price $17.29
JinkoSolar announced Friday that its follow-on public offering of 3.8 million American depositary shares, each representing four ordinary shares at par value $0.00002 per share, was priced at $16.25 per ADS. The offering should close on Wednesday. Also, JinkoSolar has granted the underwriters a 30-day option to buy as many as an additional 570,000 ADSs. The firm will use the net proceeds for general corporate purposes.
Textura Corp. (NYSE:TXTR): Closing price $43.67
Shares closed up by more than 12.5 percent Friday after Textura announced the pricing of its follow-on public offering of 4,586,559 shares of its common stock at a price to the public of $38 per share. The offering is comprised of 3,586,559 shares from certain selling stockholders and 1 million shares from Textura. In addition, Textura granted the underwriters an option to purchase as many as 687,000 additional shares. Credit Suisse Securities and William Blair & Co. are serving as joint book-running managers for the offering.
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