McLeod, Inc. (MCLD) ---- IPO Message Board

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Technology Stocks : McLeod, Inc. (MCLD) ---- IPO

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From: Glenn Petersen	3/23/2007 9:47:29 PM
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McLeodUSA has filed an S-1. Any takers? sec.gov March 22, 2007, 10:48AM McLeodUSA Files for $172.5M IPO © 2007 The Associated Press WASHINGTON — Telephone and Internet service provider McLeodUSA Inc. on Thursday filed to sell stock worth up to $172.5 million in an initial public offering. The Cedar Rapids, Iowa-based company said it will use proceeds from the IPO to redeem debt and to expand its network. The company said it plans to list its on the Nasdaq Global Market under the symbol "MUSA." Details about the number of shares offered and estimated price range for the IPO weren't disclosed in the Securities and Exchange Commission filing. Some of the shares will be sold by shareholders, the filing said. For the year ended Dec. 31, McLeodUSA lost $28.3 million on revenue of $544.7 million. It emerged from its second bankruptcy in January. chron.com

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