To: zurdo who wrote (10056 ) 3/3/1999 7:00:00 PM From: Scott Kleinhans Read Replies (8) | Respond to of 27722
Here's a bit of analysis of two IPO/spinoffs I took part in over the last few months. The first was MALL spinning off UBID and the second was DBCC spinning off MKTW. When the S-1 was filed by UBID, MALL finished up $4.50 and when MKTW filed, DBCC finished up 0.69. Today our beloved NAVR finished up 5/16th. I was able to unload some of my shares a 17 11/16th today in hopes of buying them back lower, which I still have not done. You'll see that for MALL/UBID approx. 5 months elapsed between the S-1 and the first day of trading and for DBC/MKTW approx. 3 months elapsed between the S-1 and the start of trading, we still have plenty of time for this thing to cook!! Anyway here are the numbers.MALL/UBID UBID initial Registration Statement Jul 2 1998 S-1: Here's MALL's Price 3 days either side the filing date of 4/2/98 Date Open High Low Close Volume 8-Jul-98 10.125 10.3125 9.625 9.875 321200 7-Jul-98 13.9375 13.9375 10.5 11 820200 6-Jul-98 8.375 12.75 8.25 11.875 1058800 2-Jul-98 7.375 7.5 7.125 7.375 33200 S-1 Filed 1-Jul-98 6.75 7.5 6.75 7.5 63200 30-Jun-98 6.9375 7 6.625 6.875 28900 29-Jun-98 6.75 6.9375 6.625 6.75 25400 UBID filed 6 Amended Initial Registration Statement S-1/A's between the initial filing on July 2nd ,1998 and the first day of trading on December 4th, 1998 (5 months) MALL peaked on Nov. 27th, 6 days before UBID began trading with an intraday high of 63 and a close of 51.25. Date Open High Low Close Volume 9-Dec-98 24 24.875 22.125 22.75 664100 8-Dec-98 23.5 25.375 23 23.3125 747600 7-Dec-98 27 27.4062 21 25.5 2620200 4-Dec-98 39 40 25.5 26.25 8157100 UBID begins trading 3-Dec-98 42.75 45.5 32.25 35.25 4010400 2-Dec-98 42 47.875 40.875 41.125 2350200 1-Dec-98 33.75 47.25 32.5 44.25 3876500 30-Nov-98 59.875 59.875 36.0625 37.875 3989200 27-Nov-98 56.5 63 51.25 56.375 3442000 MALL peaked 25-Nov-98 37.25 48 35.125 47.5 3861000 24-Nov-98 31.3125 39.75 28.75 34.25 5651200 23-Nov-98 26.125 32.5 25.5 32.25 3319000 20-Nov-98 27.25 28 23.5625 24.75 2325000 DBCC/MKTW MKTW initial Registration Statement Oct 13 1998 S-1 DBCC Price 3 days either side the filing date of 10/13/98 Date Open High Low Close Volume 16-Oct-98 3.875 4.125 3.875 4.0625 62900 15-Oct-98 4 4.125 3.875 4.0625 117800 14-Oct-98 4.3125 4.3125 3.75 4 34920013-Oct-98 3.4375 4.375 3.4375 4.0625 237200 S-1 Filed 12-Oct-98 3.3125 3.625 3.1875 3.375 357100 9-Oct-98 3.0625 3.25 2.75 3 128300 8-Oct-98 3.6875 3.7188 2.5625 3.125 183400 MKTW filed 3 Amended Initial Registration Statement S-1/A's between the initial filing on October 13th, 1998 and the first day of trading on January 15th, 1999 (3 months) DBCC peaked on Jan. 12th, 3 days before MKTW began trading with an intraday high of 50.625 a close of 35.125. Date Open High Low Close Volume 20-Jan-99 19.125 19.5 15.875 16.125 7835800 19-Jan-99 22 22 16.375 19.0625 17645500 15-Jan-99 29.6094 31.25 21.375 21.75 36388200 MKTW begins trading 14-Jan-99 33.5 35.875 30 31.1875 13183300 13-Jan-99 27.625 37.5 25.5 32.625 17064600 12-Jan-99 45.75 50.625 31.75 35.125 27010400 DBCC peaked 11-Jan-99 31.6875 40.375 30.0625 38.4375 34366800 8-Jan-99 22.5 28 21.5 26.375 30437700 7-Jan-99 17.5 20.1875 16.25 19.875 10249300 6-Jan-99 18.5625 18.5625 17.5 17.625 4029700 5-Jan-99 18.5625 18.9375 17.5 18.1875 4219800 Go NAVR!! Scott