Daily Links 7/19/2012: Five Below raises $163 million in IPO; shares jump 56% after offering

Oracle Buys Skire to Boost Its Primavera Project Management Software (PC World)
I haven't heard too much out of Oracle Primavera recently, but I believe it is still primarily based in the Philly area. Oracle acquired the project management software pioneer founded by Joel Koppelman, which at the time was based in Bala Cynwyd, in 2008. Koppelman, who has since left Oracle, is now listed as "Chief Sculptor at JMK Adventures" on his LinkedIn profile.

Five Below prices IPO at $17.00, at high end of the range (Renaissance Capital)
Philly-based retalier raises $163 million.

Five Below's shares soar in initial trading (AP via Philadelphia Inquirer)
Shares jumped 54% after offering. Update: Five Below (NASDAQ: FIVE) closed the day up 56%.


Philly Fed Firms Continue to Report Weak Business Conditions (Business Wire)

Philly Fed factory activity shrinks for third month in July (Reuters)

Burke Creates NBCU News Group to Oversee NBC News, MSNBC, CNBC
NBCU EVP Fili-Krushel to Serve as Chairman (Multichannel News)

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First Round Capital portfolio company Fab.com raises $105 million round, among other FRC-related deals

Tom Paine

New York-based Fab.com has raised a fab $105 million in its third round of funding. First Round Capital was a seed round investor in Fab.com, which started out as a gay social network before pivoting and launching as a design-focused ecommerce site last year. The new valuation is reported to be $600 million. This round was led by Atomico with participation by numerous other investors including FRC. Fab.com expects to do $140 million in sales this year.

Another New York-based firm in which FRC was a seed investor, social advertising startup 33Across, raised a new round of $13.1 million, bringing its total funding to date to over $26 million.

In other FRC news, Dan Primack reports in Fortune's Term Sheet email newsletter this morning that online movie scene site MovieClips has raised Series C funding led by U.S. Venture Partners. Once again, First Round was an early investor. Primack says he's hearing that the valuation is in the $80 million range.

Portfolio company Say Media, a San Francisco-based digital media company, raised a new round of $27 million led by New Enterprise Associates. Say Media was formed two year ago through the acquisition by VideoEgg (then an FRC portfolio company) of blogging platform Six Apart. All Things D reports that Say Media's plans include continuing its content acquisition strategy. Also, GoDaddy acquired portfolio company Outright, a cloud-based financial management company that had been positioned as a sort of Mint for small businesses. Terms were not disclosed.


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