IPO and Other Stock Plays Message Board

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Strategies & Market Trends : IPO and Other Stock Plays

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To: ahnguyen who wrote (13175)	11/14/2005 11:08:35 PM
From: blind-geezer	of 13331

NEW YORK (MarketWatch) -- The InternationalExchange on Monday more than doubled the expected purse in its upcoming initial public offering, becoming one of the biggest pre-IPO price hikes in the past five years. The Atlanta-based bourse plans to offer 16 million shares at $24 to $26 a share, well above its earlier terms of 10 million shares at $18 to $20 a share, according to a filing with regulators. At the midpoint of its new range, the IPO will raise $400 million, more than double the earlier level of $190 million. The company plans to trade under the ticker symbol "ICE" on the heels of the successful kickoff of the Chicago Board of Trade (BOT) last month. In the past five years, only 10 IPOs have increased the amount of money initially sought by 60% or more, according to Thomson Financial. The showing by InternationalExchange provided an extra boost to a surging IPO market of late.

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