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LifeLock, Inc. (NYSE:LOCK) debut places it on the track to become the first post-IPO decline since technology company E2open Inc. (EOPN) dropped 9.3 percent after its July offering, stated Dealogic. LifeLock is a provider of identity-risk assessments and fraud- and identity-protection services for both personal consumers and businesses. The company’s 2.3 million subscribers pay $10 to $25 a month, and and the payment covers monitoring and alerts looking for triggers such as unauthorized account openings or credit transactions. The intention is to safeguard customers as activities more often involve sharing personal and financial information via the Internet, which gives a target to thieves. LifeLock claims that the popularity of social networks and Internet-based shopping will probably increase interest in its services.
Starwood Property Trust, Inc. (NYSE:STWD) announced that its underwritten public offering of 16,000,000 shares of its common stock will be price at an estimated gross proceeds reaching nearly $368 million. The underwriters have been given a 30-day option for as much as 2,400,000 more shares from the company. The settlement of the offering is subject to customary closing conditions and will occur on October 10, 2012. All shares are to be issued beneath the company’s currently effective shelf registration statement that is filed with the Securities and Exchange Commission.
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Boardwalk Pipeline Partners, LP (NYSE:BWP) announced today that the public offering price of 10,000,000 common units will be $26.99 per unit. The Partnership believes that the offering will close on October 10, 2012, and it has granted the underwriters a 30-day option for the purchase of as much as 1,500,000 more common units.
NuVasive, Inc. (NASDAQ:NUVA) announced preliminary unaudited information about expected revenue results for Q3 2012. NuVasive believes that Q3 revenue in 2012 will be about $147 million, lower than the company’s previous comments claiming that there would be flat sequential revenue growth compared to $154.4 million during Q2 2012. NuVasive is to announce total revenue and earnings details concerning Q3 2012 and will update its full year guidance for 2012 when it announces its earnings on Monday, October 29, 2012, after market close.
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