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 : Leap Wireless International (LWIN)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bananawind who wrote (334)4/28/1999 8:39:00 PM
From: JGoren  Read Replies (1) of 2737
 
I believe that you may be correct that LWIN may have to raise money for buildouts through either a private or public offering of new shares, even if it sells partnerships. It would increase the number of shares and shareholders, and take advantage of a good price in the market.

If you look at Sprint, its price stayed pretty flat until it's buildout was well underway.

Technically, IRRC, it's not a secondary offering; a "secondary" offering is when the company registers shares for existing shareholders (usually restricted stock) who want to sell to the public. As such no new shares become outstanding. Often, the secondary offering piggybacks on a primary offering. Company issues 10 million shares; existing holders sell an addition 1 million throught the same public offering. Oftentimes, those who buy in a private offering (e.g., banks, other financial institutions) negotiate a "piggyback" clause, which gives them the right to sell their restricted stock in the same offering if the company makes a subsequent registration.
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