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During the IPO season Francis Gaskins, editor of IPOdesktop.com & director of research for Equities.com, regularly appears on CNBC TV, Bloomberg, thestreet.com & other financial cable channels. On the day of the Visa IPO he appeared on four cable TV financial shows including Bloomberg... More
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  • Update: window closes, AEI IPO pulled, after a whopping size & price cut 0 comments
    Oct 29, 2009 3:28 PM | about stocks: AES, DUK, TAC, AEP, XEL, ALE, LNT, FPL-OLD, SRE, D, EXC, CNP, AEE
    Update:  window closes, AEI IPO pulled, after a whopping size & price cut

    AEI energy price & size markdown, Oct 29:
    . 17% AEI IPO price slashed to $12.5 from $15 (price range mid-points) plus
    . 58% cut in IPO shares: to 21mm from 50mm
    . 97% cut in shares sold by insiders: to 1mm from 33mm
    . 17% cut in market cap: to $3.2bb from $3.9bb
    . IPO size cut to $262mm from $750mm

    Adjustments made to IPO report:
    1x book; 1.9x tangible book; 9.7x annualized (perhaps unsustainable) earnings

    read more in updated IPO report
    http://gaskinsco.com/linkto-aei.shtml
    Themes: IPO, IPOs Stocks: AES, DUK, TAC, AEP, XEL, ALE, LNT, FPL-OLD, SRE, D, EXC, CNP, AEE
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