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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Petrol who wrote (7175)	10/15/2002 10:08:29 PM
From: Lost1	Read Replies (2) \| Respond to of 57110

question: 1)how many sporting goods can there for Dicks?I can only think of a few sports in which they participate <g> Dick's Sporting Goods raises $87.5 mln in IPO Tuesday October 15, 9:17 pm ET NEW YORK, Oct 15 (Reuters) - Dick's Sporting Goods Inc. raised $87.5 million in a new share sale, the first retailer to launch an initial public offering in three months. The Pittsburgh-based sports store said on Tuesday that it sold 7.3 million shares for $12 each, well below the expected range of $15 to $18. Dick's, which grew from a Binghamton, New York bait and tackle shop in 1948 to a chain of 143 stores in 24 states, is the first retail IPO since home furnishings store Kirkland's Inc. (NasdaqNM:KIRK - News) raised $90 million on July 10. Merrill Lynch also managed that sale. The company bills itself as the most profitable of the country's leading sports retailers. In the 26 weeks ended August 3 it had net income of $16.5 million on $586.8 million of sales, up from net income of $8.9 million on $487.5 million during the year earlier period. This year's other retail IPOs have had mixed success. Shares in Kirkland's have risen by 7 percent since its outing, though Big 5 Sporting Goods (NasdaqNM:BGFV - News) has declined by 23 percent since it raised $105 million on June 24. Dick's is expected to trade Wednesday on the New York Stock Exchange under the symbol "DKS."