SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 130.40+11.3%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Crystal ball who wrote (14075)11/17/1999 5:53:00 PM
From: Greg S.  Read Replies (3) of 28311
 
Charter Communications (CHTR) has been a failure as an IPO

It's all in how you look at it.

Some people call IPOs successful if the price doubles or triples on the first day. If a company only offers 3 million shares, they are so scarce they have volatility up the wazoo. And the company doesn't make a heck of a lot of money - all it does is go public. Yippee. What's so great about a yo-yo IPO? It's all a gamble.

Here's a profile of a successful IPO:

- Sold all the offered shares at the very top of the price range, plus an additional 12% held in reserve since it was so successful.
- Raised over 3 billion dollars for the company.
- Traded more shares on opening day than Microsoft did on its recent Judgement Day.
- Steadily rose in the period following the IPO on high volume, pulling back later on as the traders edged out on low volume.

With 195M shares outstanding, CHTR will have a very hard time shooting up 10 points in a day. There's too much liquidity. But it can steadily rise to those heights as institutions and savvy retail investors buy and hold-on-tight.

23 bucks a share. That's way cheap to own a piece of the future, and everyone will figure it out sooner or later.

Here's to figuring it out sooner.

-G
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News