Piper Jaffray Looks to Unload Asia Business: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet Friday include Piper Jaffray ( PJC) as the investment bank looks to offload its Asia business.

Piper Jaffray said it may sell the business to a Chinese securities firm, though it is considering several options. Other possibilities the company said it exploring could include a joint venture. The business, which Piper Jaffray started in 2006, could reportedly fetch between $50 million and $100 million.


Daiichi Sankyo is trending as it is planning a joint venture with GlaxoSmithKline ( GSK) to bring new vaccines to Japan.

Daiichi, Japan's No. 3 drugmaker, said the venture -- to be called Japan Vaccine Co. -- would sell vaccines marketed by both companies. Daiichi and Glaxo plan to expand the business as new vaccines become available. Daiichi said the goal of the venture is to improve access to vaccines in Japan, a country known to be slow to approve vaccines.

Japan Vaccine Co. is expected to launch in July.


Yelp ( YELP) is another popular search as the online review Web site launches on the New York Stock Exchange on Friday.

The company was able to raise more than expected in its initial public offering amid worries about competition from Web sites like Google and Facebook. Yelp's IPO values the company at $900 million, with its stock priced at $15 a share -- above its projected range of $12 to $14 a share.

Yelp makes most of its money through advertising from local businesses its users review. It reported revenue of $83.3 million in 2011, up 74% from the year before. The company hasn't turned a profit since its founding in 2004.


The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

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