Rosetta Stone Inc plunges 26% after it canceled secondary offering and lowered quarterly and annual earnings outlook. The company canceled 4.1 million share offering and blamed the latest earnings revision on higher operating expenses.
Dole Food files for $500 million public offering. The tight debt markets may have forced company to seek relisting of the stock after staying private for nearly six years. Dole will use proceeds to repay debt maturing in 2010 and 2011.
Starwood Property Trust declines on the first day of trading after it completed 40.5 million public offering that priced shares at $20 each. The deal was managed by Merrill Lynch, Citi and Deutsche Bank. The company plans to invest in commercial mortgage debts and securities.
Avago Technologies open flood gates of fees and returns to private equity investors. The pricey offering values the company at 42 times 2008 earnings and may not bring rich rewards to investors in the public offering. The debt laden company has struggled with profitability in the last four years.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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