Shares of Goleta-based Inogen settled into the low $15 range as the Business Times went to press Feb. 19 after the company raised $70.5 million in an initial public offering that priced at $16, the low end of its expected range. In addition to selling shares, the company changed some of the disclosures it made to investors, pointing out its steep reliance on government and private insurance programs for 41 percent of its total revenue in 2012.
If Goleta-based Inogen goes public this year, it will be the first firm in the region to do so under new securities rules that make it easier for small companies to become listed on the major exchanges but also allow them to reveal less information to investors than their larger counterparts.
By Stephen Nellis / Friday, January 4th, 2013 / Columns, Opinion, Technology / Comments Off on Writing fraud-proof crowdfunding rules is a a tall order for the SEC
By Editorial Board / Monday, December 6th, 2010 / Editorials, Opinion / Comments Off on Editorial: Don’t let firms dodge public earnings reports
Back in the 1980s, when the film “Wall Street” was all the rage in Hollywood, corporate earnings releases were still somewhat of an inside game. In the heady days before the 1987 market crash, a savvy trader could grab the earnings off “the wire” and trade for a moment or two before the general public Read More →
By Henry Dubroff / Monday, October 25th, 2010 / Columns, Opinion / Comments Off on Totaling up the hefty price tag of Mozilo
The lifetime ban against former Countrywide Financial Corp. CEO Angelo Mozilo serving as an officer or director of a public company may be the most positive result to come from his settlement of a U.S. Securities and Exchange Commission complaint. But Mozilo’s company and his conduct created a decade-long road to economic ruin that reached Read More →
By Henry Dubroff / Monday, October 18th, 2010 / Columns, Opinion / Comments Off on From the editor: Mozilo’s ban a true black mark
The lifetime ban against former Countrywide CEO Angelo Mozilo serving as an officer or director of a public company may be the most positive result to come from his settlement of a U.S. Securities and Exchange Commission complaint. As reported over the weekend, the SEC settled with Mozilo and two top lieutenants in a case Read More →
