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Thread: There will be an IPO this Thursday

  1. #1

    Exclamation There will be an IPO this Thursday

    It will be the 5th one of the year. Just thought I'd share, they are kind of rare these days.

    DigitalGlobe Inc. (DGI.N)
    http://www.digitalglobe.com/
    Shares should sell at between $16 and $18 each.

    btw: Rosetta Stone (RST.N) did their IPO last month and is up about $10 a share, still worth considering - they roughly doubled their income last year.

    -t

    UPDATE 1-Satellite image co DigitalGlobe sets IPO terms

    (Adds details on company, IPO date)

    By Phil Wahba

    NEW YORK, April 29 (Reuters) - DigitalGlobe Inc (DGI.N), a satellite
    imagery company serving the military and large corporations, set the
    terms on Wednesday for its planned $250 million initial public
    offering and scheduled its pricing for mid-May.

    The Longmont, Colorado-based company plans to sell 14.7 million shares
    at between $16 and $18 each, in a deal led by underwriters Morgan
    Stanley and JP Morgan, according to a regulatory filing.

    DigitalGlobe shares are set to begin trading on the New York Stock on May 14.

    DigitalGlobe's main clients include U.S. and foreign defense and
    intelligence agencies, and commercial customers, such as internet
    portals, and oil and gas exploration companies, according to the
    filing.

    The company said its products are used in applications such as Google
    Maps and Microsoft's Virtual Earth.

    DigitalGlobe gathers images daily through its two satellites and
    maintains them in its library. It plans to launch a third satellite in
    the autumn, which it expects to nearly double its image collection
    capabilities.

    If DigitalGlobe's IPO prices, it will become the fifth IPO in the
    United States this year, and the fourth with a technology flavor,
    following those of Chinese online videogame maker Changyou Ltd
    (CYOU.O), online college operator Bridgepoint Education Inc (BPI.N),
    and language training company Rosetta Stone Inc (RST.N), all of which
    priced in April.

    The company will receive only a fraction of the IPO's proceeds, with
    about 90 percent of the shares in the offering being sold by existing
    shareholders.

    Morgan Stanley currently owns 36.7 percent of the company, a
    percentage that will drop to 32 percent if the IPO goes ahead.

    While DigitalGlobe sales rose 82 percent to $275.2 million in 2008,
    net income fell by nearly half to $53.8 million because of a tax
    expense, according to the filing.

    The company plans to list on the New York Stock Exchange under the
    symbol "DGI." (Reporting by Phil Wahba; Editing by Steve Orlofsky)



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  3. #2
    is there a site out there which shows dates or potential IPO's?

  4. #3
    blimp!

  5. #4
    Quote Originally Posted by DirtMcGirt View Post
    is there a site out there which shows dates or potential IPO's?
    Yes, there is.

    IPOhome or marketwatch has their info. There are others.

    http://www.marketwatch.com/tools/ipo/ipocenter.asp?v=17

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  6. #5
    My 2 cents:

    Unless you are in on the deal, long retail investors get screwed if they buy on the first day of trading usually when the sellers overwhelm the market.

    Just chart FIG for an example.

    Sure there are exceptions, but the odds are you are going to lose a lot of money if you buy an IPO early.

    Member #43 of Ron Paul's Campaign for Liberty
    Smallest Political Quiz
    Judge Napolitano on Ron Paul
    Constitutional Republic
    A Republic If You Can Keep It
    Ron Paul in 1988

    In the beginning of a change, the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot.
    -Mark Twain

  7. #6
    Quote Originally Posted by OptionsTrader View Post
    My 2 cents:

    Unless you are in on the deal, long retail investors get screwed if they buy on the first day of trading usually when the sellers overwhelm the market.

    Just chart FIG for an example.

    Sure there are exceptions, but the odds are you are going to lose a lot of money if you buy an IPO early.
    Please elaborate... never bought an IPO, but was always under the impression they were a good deal. Rosetta stone investors have almost doubled their money in 2-3 weeks...

    -t

  8. #7
    Quote Originally Posted by tangent4ronpaul View Post
    Rosetta Stone (RST.N) did their IPO last month and is up about $10 a share, still worth considering - they roughly doubled their income last year.
    I love the Rosetta Stone software. With our new emerging age of Globalism, knowing foreign languages is critical (and profitable).

    Wise investment choice.

    http://finance.yahoo.com/q?s=RST
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  9. #8
    Quote Originally Posted by OptionsTrader View Post
    My 2 cents:

    Unless you are in on the deal, long retail investors get screwed if they buy on the first day of trading usually when the sellers overwhelm the market.

    Just chart FIG for an example.

    Sure there are exceptions, but the odds are you are going to lose a lot of money if you buy an IPO early.
    I used to work on the Syndicate desk, and what you are saying is absolutely right.



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  11. #9
    Quote Originally Posted by tangent4ronpaul View Post
    Please elaborate... never bought an IPO, but was always under the impression they were a good deal. Rosetta stone investors have almost doubled their money in 2-3 weeks...

    -t
    It's a specialized market.

    IPO shares are usually only allocated to major investors, usually funds. If an issue is hot, meaning that there is a huge amount of interest, the only way that you as an individual can get even a single share is if you are a very heavy trader who is the client of a very successful broker, because those shares are so much in demand they're given away to the retail customers based on previous business relationships - sort of a "thank you for the business."

    Quite simply, if you can get IPO shares, you don't want them, because nobody else does either.

    If a deal is priced correctly the shares shouldn't swing wildly in either direction. If they skyrocket at the open, the company's owners got shafted. If they drop at the open the investors who bought them got shafted.

    Some investors like IPOs because they are commission-free to the buyer, which is a plus if the deal doesn't drop when it opens, but most people are better off buying shares in the secondary market.

    It's all a sales game. You can look for deals that price above the range, but don't think for a minute that the guys running the deal didn't set the range low in order to generate some artificial buzz. (Of course setting the range too low upsets the folks who own the company.....it's all very political and a balancing act of immense proportions.)
    Last edited by angelatc; 05-13-2009 at 06:35 AM.

  12. #10
    Quote Originally Posted by OptionsTrader View Post
    Yes, there is.

    IPOhome or marketwatch has their info. There are others.

    http://www.marketwatch.com/tools/ipo/ipocenter.asp?v=17
    thanks!

    FYI- I've been waiting for A123 Systems to go public



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