>Financials - I like AXP
Me too, but reason I bought the BKX is so I can own a basket of bank stocks and not just focus on individual ones
Btw
This might be a good time to be buying tech stocks, but there's an IPO coming out today that I couldn't get enough shares of from Goldman. So, I'll be going into the market to buy more.
Bought it at 23.
I think this is another Ericsson or Nokia in the making.
Have you ever been to Sweden?>STOCKHOLM, Sweden--(BUSINESS WIRE)--March 16, 2000--Tele1 Europe Holding AB (Stockholm Stock Exchange:TEUR) (NASDAQ:TEUR) announced today that it has set the price of its initial public offering at $18.50 per ADS and SEK160.79 per ordinary share. The offering was 37 times oversubscribed with strong demand from both Europe and the US. The total offering will raise approximately US$617 million of which US$524 million is primary capital and the remainder represents proceeds to existing shareholders selling in the offering. The Company and existing shareholders have granted the lead underwriters an option to sell an additional 5 million shares consisting of 1.7 million of primary shares and 3.3 million secondary shares. The ordinary shares and ADSs are expected to start trading on the Stockholm Stock Exchange and Nasdaq on Thursday March 16th when the respective markets open.
The net proceeds of the offering will be used to finance Tele1's continued network roll-out and expansion in the Nordic region.
Tele1 is a fast growing data and telecommunications operator with operations in Sweden, Denmark, Finland and Norway. Tele1 focuses on the Nordic corporate market with services geared towards providing integrated broadband communications solutions. Tele1's network strategy is to provide high-capacity end-to-end connectivity to its customers. To date, Tele1 has deployed 1,084 route km of backbone network,110 route km of local access fiber network and over 100 DSL POPs. Tele1 has over 7,500 corporate customers, of which over 1,100 are directly connected. Lehman Brothers International and Goldman Sachs International acted as lead underwriters in connection with the offering. |
