Vivek Gupta
Large-cap, event-driven, IPOs, value

Diamond Resorts: Fully Priced

Company: Diamond Resorts International, Inc.

Exchange: New York Stock Exchange.

Symbol: (NYSE:DRII)

Industry: Vacation ownership interests, or VOIs (resorts and hotels).

Expected date of listing: 19 July, 2013.

Data source: IPO prospectus.

The Offer:

Diamond Resorts International is offering 14,000,000 shares of its common stock, and the selling stockholders are offering an additional 1,500,000 shares of common stock. The anticipated initial public offering price per share will be between $16 and $18. The underwriters have an option to purchase a maximum of 2,100,000 additional shares from the company and a maximum of 225,000 additional shares from the selling stockholder to cover any over-allotment of shares.

The company is an "emerging growth company" under federal securities laws and is...

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