A "feel-good" blip from today's Seattle P-I, FWIW:
seattlep-i.com
Investors eagerly await IPO of Allen's TV firm
Few IPOs are expected next week, as investors clear the decks for a biggie: Paul Allen's Charter Communications Inc., the No. 4 cable TV firm, is going public later this month.
Well, the Mercer Island billionaire/Microsoft co-founder's company isn't the only initial public offering in the pipeline. Jupiter Communications, which sells research on Internet behavior, also is coming up this month. And after that it really gets busy. About 104 companies plan initial public offerings between now and the end of the year, with 51 of these Internet-related, according to CommScan LLC.
But Allen's is among the most eagerly anticipated.
Charter Communications "is almost a lock to do extremely well," one analyst said. The company's "network is one of the more highly upgraded ones among the cable networks."
Charter Communications, based in St. Louis, is scheduled to go public the week of Sept. 27, according to Goldman Sachs & Co., which is handling the sale. |
