Virgin Money delays float amid global market turmoil

Virgin Money has pushed back plans for a £2 billion flotation following a week of market turbulence.

RBS cuts price for Citizens Bank sell-off in US

Royal Bank of Scotland has been forced to cut the price for the flotation of its Citizens Bank business after investors expressed doubts about the US bank’s potential profitability.

Zoopla float to value property website at £919m

Zoopla has priced its flotation in the lower half of its proposed range, valuing the property website at less than the £1bn it was seeking.

Facebook shares dip below $29 to new low

Facebook shares have dipped below $29 for the first time since their flotation to a new low. The shares were launched at $38 less than two weeks ago during its high-profile flotation, which valued the firm at $104bn (£66bn).

Facebook shares spike on stock market debut

Shares in the social networking site rose to $42, having been initially priced at $38 each, before falling back to trade flat. Founder Mark Zuckerberg, 28, who started Facebook while at Harvard University, officially opened trading on the Nasdaq earlier.