Pre-Market Buzz: Lululemon (LULU), CyberArk Software (CYBR), Twitter, Inc. (TWTR), CommScope (COMM), TubeMogul (TUBE)

Shares of Lululemon Athletica Inc. (LULU) are lower by 3.07% to $64.72 in pre-market trading on Thursday on news company founder Chip Wilson and his family will sell their entire stake in the yoga wear maker, according to The Wall Street Journal.

Wilson and his family will sell their entire 20.1 million shares, which is a 14% stake in the Vancouver, Canada-based company worth about $1.2 billion, the Journal added.

Shares of CyberArk Software, Ltd. (CYBR) were up more than 3% this morning as the company prices offering of 4.9 million ordinary shares at a price of $61.00 per share sold by company and selling shareholders.

CyberArk said 4 million of the shares are being sold by shareholders of the company and 900K of the shares are being sold by CyberArk Software.

Shares of Twitter, Inc. (TWTR) were up slightly this morning on news the company plans to double staff in Singapore over the next two years as it seeks to attract new users and advertiser in Asia.

Twitter said it will hire over 100 new employees in Singapore, doubling its current workforce of about 80 employees.

CommScope Holding Company, Inc. (COMM) shares surged 6.42% to $30.33 in pre-market trading after the company announced sale of 20 million shares of common stock on an underwritten basis by an affiliate of The Carlyle Group.

J.P. Morgan (JPM) is acting as the sole underwriter for the offering.

TubeMogul, Inc (TUBE) was down $0.70, or 4.24%, to $15.81 as of 9:12 a.m. ET as the software company for brand advertising prices follow-on offering of 5,263,246 shares of common stock at a price to the public of $15.75 sold by company and selling shareholders.

TubeMogul is offering 3,500,000 shares and certain selling stockholders are offering 1,763,246 shares.

J.P. Morgan (JPM), BofA Merrill Lynch (BAC) and Citigroup (C) are acting as joint book-running managers for the offering.

Be the first to comment

Leave a Reply

Your email address will not be published.


*