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Technology Stocks : Internet Capital Group Inc. (ICGE) -- Ignore unavailable to you. Want to Upgrade?

To: mact who wrote (68)7/29/1999 6:59:00 AM
From: Tom D  Read Replies (1) | Respond to of 4187
 
No. Given the 125M shares outstanding, it should only be in the 20's.

I am still working on figuring this puzzle out.

Even at $30, it is already a $4 billion company. I am struggling with coming up with enough value to justify this price.

37% of ICGE is VERT. VERT already has an internet mania premium built into its market cap. There is absolutely no reason for VERT to get a second internet mania premium.

A price of $30 per share says market cap of $3.75 billion. Subtract $550M for the stake in VERT (37% of $1.5B) and a price of $30 says that the rest of the company is worth $3.2 Billion.

No way Jose.

Tom



To: mact who wrote (68)7/29/1999 2:48:00 PM
From: Rich  Respond to of 4187
 
What IPO price do you feel this will get bumped up to? I am banging my head against the wall since etrade is not "yet" offering this IPO and I will have to roll the dice....not sure what i am going to put in for the limit order yet. I do agree that this should go out in the 20's and shoot up quickly........


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