Kabam joins the $1 billion club after Alibaba investment. Can it avoid the fate of Zynga?

Gaming company Kabam, creator of such little known hits as "Kingdoms of Camelot" and "The Hobbit: Kingdoms of Middle-earth," has joined the elite-ish $1 billion valuation club following a sizable Series E from Alibaba. With a "diversify and prosper" strategy, Kabam hopes to avoid the rocky roads paved by Zynga and Candy Crush's King.com.…

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It’s here: Facebook files for $5 billion IPO

The most highly anticipated initial public offering in today's tech world is officially happening. Facebook filed S-1 documents with the Securities and Exchange Commission Wednesday afternoon to raise a maximum of $5 billion. According to the filing, Facebook made $3.7 billion in revenue in 2011.…

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Next Hot Tech IPO: LogMeIn

Updated: The almost moribund market for technology initial public offerings might make a comeback if Woburn, Mass.-based software maker LogMeIn has a…

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