Latest IPO Financial Stories

2011-05-18 05:45:00

Business-oriented social networking site LinkedIn said an initial public offering (IPO) will likely raise 30 percent more than previously expected, a positive sign that investors are eager to bet on social networks. LinkedIn, which plans to set the IPO price Wednesday night and begin trading on the NYSE under the symbol LNKD on Thursday, had originally planned to sell 7.84 million shares at $32 to $35 each. But in an updated filing with the Securities and Exchange Commission (SEC) on...

Word of the Day
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'