Copper Demand Drives Sterlite IPO
Jun 20, 2:59 PM EDT |
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| Sterlite, the largest copper and zinc producer in india priced $1.75 billion IPO. The company smelts and refines copper, zinc and aluminum. |
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| Sterlite Industries, largest copper and zinc mining company, offered 130 million shares at $13.44 per ADS. The stock rose nearly 10% in its first day of trading with less than 29 million shares changing hands. Copper prices have jumped from $2,051 per ton in 2004 to $7,400 per ton in 2007. Similar price increases in zinc and and other commodities have lifted company net profit margin to 12%. |
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Biofuel and Bway Close Up on Friday
Jun 19, 2:47 PM EDT |
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| Two new IPOs were launched during the past week. Both of them closed above their offering price on Friday after some ups and downs during the week. A hundred and thirteen IPOs have been priced so far in 2007 and 65% of them are trading above their offering price. There is one deal scheduled to be priced the following week. |
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Infinera Soars 63% At Start
Jun 11, 4:33 PM EDT |
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| Six new IPOs were launched during the past week. Most of them were trading above their offering price. Infinera made one of the best first-day performance lately gaining 63%. A hundred and eleven IPOs have been priced so far in 2007 and 61% of them are trading above their offering price. There are four deals scheduled to be priced the following week. |
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Amicus and LDK Solar Trade Down
Jun 04, 3:19 PM EDT |
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| Three new IPOs were launched during the past week. All of them are trading below or at their offering price. A hundred and five IPOs have been priced so far in 2007 and 67% of them are trading above their offering price. There are six deals scheduled to be priced the following week. |
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