Domain: ipo.com
Stories and comments across the archive that link to ipo.com.
Comments · 9
-
Is this a good time for an IPO?
Many people who participate in IPOs have been wondering if it's a good time to do so. You can read articles on CBS Marketwatch or Red Herring or numerous other sites, and you'll notice IPOs slipping further out in the stream.
Turbo Linux may, or may not, be a good IPO. Another good IPO coming up is the Transmeta (TMTA) IPO, which is listing at $13 to $14, is noted as Red Hot by Red Herring's IPO street poll. This, of course, is the company that Linus Torvalds works for, and it will IPO in six days on November 6.
For those whondering how to qualify for IPOs - basically, you need an account at a broker who carries them and sufficient funds. This can be pot-luck such as E-Trade, who is not a lead broker (you'll probably need more than $50,000 in market assets), or one of the major IPO brokers such as Morgan Stanley Dean Witter. But MSDW requires you to have more than $250,000 to participate in IPOs.
-
Here's the IPO info from www.ipo.com"Due to an underwriting or other relationship between our firm and the issuer, no information about this issuer or filing can be displayed until a pricing range has been established."
But you can check back for updated info: www.ipo.com: TurboLinux, Inc.
-
I don't think there will be any letters going out
I've noticed a few comments about *the letters* that went out for the Red Hat IPO and letter recipients inability to participate with e*trade. Looking at the Transmeta's IPO information it doesn't appear that individuals will be invited to participate in the IPO. The lead underwriters of the offering are the *Big Boys* of investment banking - Morgan Stanley Dean Witter, Salomon Smith Barney, and a few others. No mention of any "e-" company involved with this deal.
You can't really compare this to a .com IPO. This company is actually selling something tangible. It appears as though they should actually make some profit once they start selling something. -
Better link w/more info
For a more in-depth look at the IPO, click here for IPO.com's filing.
-
Driving forceWireless Internet devices are now replacing personal computers as the driving force in the electronics industry
That doesn't necessarily mean the PC will be used less. It could just mean that he expects the next big IPO craze (dot-com, linux, ...) to be wireless communications. It could mean that he expects the big technology firms to scramble for wireless market share, now that PC market share is harder to grab and there's less profit involved in selling PC hardware.
Texas Instruments clearly has a stake in the wireless market -- see the last four paragraphs of the yahoo article linked to at the top. I wonder if they're planning to spin off their wireless divisions or keep them within TI.
--
-
Re:This smells to high heavenNote also that their underwriter has about as much legitimacy as they do. If you take a look at Capital West Securities' list of attempted IPOs, you'll see a pretty weak effort. Of the four registered IPOs:
- Holloman was never priced (1.5 years after the initial docs were filed)
- Lorecom was withdrawn
- Talisman Enterprises came out at $5 and closed down 12% (not easy in this frothy market)
- LinuxOne - we'll seeCompare that to Goldman Sachs or CSFB (underwriters for Red Hat and VA Linux, respectively; note the "next page" links) and you'll see a slight difference in the legitimacy of the lead underwriter.
Based on the above I just don't think that this deal is going to do much and might not even get out. Having said that, you never know what the magic incantation "Linux" can do in the markets (with a "China" thrown in for good measure).
-
Re:This smells to high heavenNote also that their underwriter has about as much legitimacy as they do. If you take a look at Capital West Securities' list of attempted IPOs, you'll see a pretty weak effort. Of the four registered IPOs:
- Holloman was never priced (1.5 years after the initial docs were filed)
- Lorecom was withdrawn
- Talisman Enterprises came out at $5 and closed down 12% (not easy in this frothy market)
- LinuxOne - we'll seeCompare that to Goldman Sachs or CSFB (underwriters for Red Hat and VA Linux, respectively; note the "next page" links) and you'll see a slight difference in the legitimacy of the lead underwriter.
Based on the above I just don't think that this deal is going to do much and might not even get out. Having said that, you never know what the magic incantation "Linux" can do in the markets (with a "China" thrown in for good measure).
-
Re:This smells to high heavenNote also that their underwriter has about as much legitimacy as they do. If you take a look at Capital West Securities' list of attempted IPOs, you'll see a pretty weak effort. Of the four registered IPOs:
- Holloman was never priced (1.5 years after the initial docs were filed)
- Lorecom was withdrawn
- Talisman Enterprises came out at $5 and closed down 12% (not easy in this frothy market)
- LinuxOne - we'll seeCompare that to Goldman Sachs or CSFB (underwriters for Red Hat and VA Linux, respectively; note the "next page" links) and you'll see a slight difference in the legitimacy of the lead underwriter.
Based on the above I just don't think that this deal is going to do much and might not even get out. Having said that, you never know what the magic incantation "Linux" can do in the markets (with a "China" thrown in for good measure).
-
Unable to verify Auditor/Law Firm/Transfer Agent
All three key player of the IPO: Issuer's Law Firm, Auditor, Transfer Agent are low-profile first time player. www.ipo.com
I have not been successful in getting the address of the Auditor (using WWW tenacious and privacy busting databases).
Until these information are substantiated, I would steer clear of their upcoming Jan 31st IPO.