hi levy & KLP, the best place to look at IN first is straight from the horse's mouth at infonet.com . Investors Relations has a list of category clickers to the left with the answer to your question in the Prospectus Registration filed 12/16/99 - the entirety is accessible from there clicking the SEC Filings link ...
INFONET 51,282,300 Class B Shares Of Common Stock
"This is Infonet Corporation's Initial Public Offering of Class B Common Stock. We are offering 38,461,680 shares and the selling shareholders identified on page 64 of this prospectus are offering 12,820,700 shares.
Prior to the offering, there has been no public market for our Class B Common Stock. We have been approved for listing our Class B Common Stock on the New York Stock Exhange, and we have also applied for listing on the Frankfurt Stock Exchange.
The shares of Class B Common Stock will be ready for delivery on or about December 21, 1999.... etc. etc. "
(end of excerpt, the whole Prospectus is on the site)
A review of the homesite may give a hint of why i noticed IN in the low 20's early in a 51,281,000 USA float. It fell from about 29 at the IPO day, then after a little rise it dipped again to where it is now @ 21. Among the selling shareowners are some of the biggest European telephone companies mostly. Maybe that's how they do things over there. The California Office is one among the many listed in global. It looks like a right solid mellow yellow to me.
Other reasons why i bought the stock - a happy birthday, it reeks of moneymoans, i kept seeing a walletwad, all Groucho needs infonet.com is the moustasche and the cigar "gotta see a man about a duck", and the cat kept jumping up on the keyboard rest interested when i was looking at it causing The Omen Trade Automation Source Hookup to blink an alert. Fact is, there's just something i like about it.
Cruising low under the radar for now, got lost in the end of the year holiday and ipo's rush i think. So much the better for earlybirds (like with CNXT for instance).
909s,
Joan |
