This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Zynga, Kodak, Peabody: 3 Deals to Watch

Stocks in this article: UBNT BTU MT EK ANR

NEW YORK ( TheStreet) - Like Groupon, Zynga (ZNGA) is looking at an early November IPO, according to reports from the Wall Street Journal citing people familiar with the matter.

Last week, Groupon re-filed its IPO papers and targeted November 4th as the date it will sell shares to the public. At $1 billion, Zynga's IPO's will be the one of the ten largest public offerings of the year, according to data compiled by Bloomberg.

In a Mid-October filing with the Securities and Exchanges Commission, Zynga stated it would push ahead with its $1 billion listing, this time on the Nasdaq. The announcement came on the heels of Ubiquiti Networks' (UBNT) Oct. 13 initial public offering, which was the first IPO of the fall and signaled a thaw in the market for selling shares to the public. Zynga's decision also was a reversal of a previous August delay of an offering.

Like Groupon, in its most recent filing, Zynga's financial picture and growth looks to have improved since it pulled IPO plans this summer. The online gaming and virtual goods seller, most popular for its Zynga Poker, FarmVille, Mafia Wars and CityVille games reported it nearly doubled the number of patents it holds. According to the filing, the company's revenue has also nearly doubled in the first six months of the year to $522 million, but its loss has expanded to $31.4 million.

>>14 Stocks That Could Get a Boost From a Zynga IPO

A day after accepting a $4.9 billion joint bid with Peabody Energy (BTU) for Macarthur Coal of Australia, ArcelorMittal (MT) has now walked away from the deal, according to a press release. As a result, Peabody Energy will take full control of the takeover venture.

Peabody shares fell more than 6.7% to below $38.21 in early trading. Its shares have fallen over 40% year to date.

It's a change in course from last week when the Indian-steelmaker ArcelorMittal and U.S. coal giant Peabody announced they'd received approval from Macarthur's largest shareholder China's CITIC to take a majority stake in the world's largest miner of the coal used to make steel. After the approval, on Friday the partnership reported it had taken a near 60% stake in Macarthurs shares. After the share purchase, Peabody's chief executive said, "We are pleased to obtain a controlling interest in Macarthur Coal and look forward to advancing the company's operating performance and growth initiatives."

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs