Any Other Business – 27/03
ZUCK’S had his wallet out again. Despite telling us he wouldn’t be buying any more companies for a while after Whatsapp, Facebook’s gone and splurged out on Oculus Rift, a virtual-reality headset company. Not only has the $2bn purchase wreaked havoc on Mark Zuckerberg’s company card, it’s also caused a bit of a kerfuffle for two other companies. The stock price of both Oculus VisionTech (OVTZ) and Oculus Innovative Sciences (OCLS) went wild yesterday as investors mistook them for the former Kickstarter company. OVTZ shot up from $0.18 to $0.40 in two hours before crashing back down to $0.13 again. OCLS meanwhile shot up from $4.56 to a peak of $5.19 to finish at $4.80 – still a respectable 5.95 per cent up. When will these investors learn?
The Capitalist was surprised to see some odd goings on over on Just-Eat’s website yesterday. It seems the “IPO hopeful of the moment” may have been left red-faced when its much anticipated flotation prospectus was published online, prematurely. Readers were ecstatic to be served 224 pages of riveting information about the first ever technology group to grace LSE’s High Growth Segment early but were disappointed to see them disappear not long after. It seems the publication was not only incomplete but shouldn’t have been published until it had the stamp of approval from the UK listing authority. Whether the food takeaway group was delivered a stern word from the UKLA remains to be seen but one thing’s for sure, Just-Eat soon saw that the prospectus was “taken away”…