Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
IPO Outlook: 
MSCI Raises $252 Million With An IPO
Author: Yordanka Bahchevanska
123jump.com
Last Update: 3:46 PM EST November 19 2007

(Continued)

Email article | Print article

As much as twelve new IPOs were launched during the past week. Shares of Morgan Stanley’s spin-off, MSCI, gained at start after pricing at the top of expectations. Virtual Radiologic, 3Par and Rubicon Technology also were among the best first-day performers during the week. Two hundred and sixteen IPOs have been priced so far in 2007 and 52.7% of them are trading above their offering price. There are seven deals scheduled to be priced the following week.

 
Merrill Lynch and J.P. Morgan served as lead managers of the offering.

The underwriters have been granted an option to buy up to 1.5 million additional units to cover any over-allotments.

The shares ended the week at $18.9, down 6% from the offering price.

IPO CALENDAR – week of November 19th

CreditCards.com (CCRD: chart) plans to offer 10.7 million shares, of which 2.3 million are being sold by selling stockholders, within a price range of $13 to $15, in a bid to raise $185 million. Credit Suisse and Citi will be the managers on the deal.

REIT Cypress Sharpridge Investments (CYS: chart) plans to offer 18 million shares within a price range of $7 to $8 per share, in a bid to raise $157 million. Bear Stearns, UBS, and Friedman Billings Ramsey will underwrite on the deal.

Recently formed conglomerate Atlas Industries (AAAA: chart) plans to offer 13.3 million shares within a price range of $14 to $16 per share, in a bid to raise $245 million. Ferris Baker Watts will be the lead manager on the deal together with JMP Securities and Oppenheimer & Co.

Online real estate services company Iggys House (IGGY: chart) plans to offer 3 million shares within a price range of $5 to $6 per share. Northland Securities and Bathgate Capital will be the underwriters on the deal.

Software company SuccessFactors (SFSF: chart) plans to sell 10.8 million shares, 790,000 shares to be offered by selling stockholders, within a price range of $8 to $10, in a bid to raise $124 million. Morgan Stanley and Goldman Sachs will be the lead managers on the deal.

BioHeart (BHRT: chart) plans to offer 3.6 million shares within a price range of $14 to $16 per share, in a bid to raise $57 million. BMO Capital Markets will be the lead manager on the deal.

Blank check company Ideation Acquisition Corp. ((IDI.U)) plans to offer 10 million shares at $8 per share, in a bid to raise $92 million. Lazard and EarlyBird Capital, Inc. will be the lead underwriters on the deal.
  1  2  3  4 More: IPO Outlook Archive

 
 
© 1999-2008 123jump.com. All rights reserved