IPO News Archive
O'Gara Group postpones IPO
2/17/09
O'Gara Group, which provides a portfolio of security, safety and defense products and services, postponed its IPO on Tuesday because of poor market conditions. Last Thursday, the Cincinnati, OH-based company lowered its expected price range to $14-$16, reducing the proposed deal size by -17% at the midpoint (to $120mm). Morgan Keegan was set to be the lead underwriter on the deal.
Source: www.RenaissanceCapital.com
Latest User Comments
RE: First test for the 2009 IPO market 2/10/2009 3:58:14 PM
Posted by: Stoptrad
(MJN) Buyers beware, Jim Cramer will tell you to sell
and take the quick cash on this ipo the day it comes out. Hes already said "only for the ones who get ipo allocations flip"
...
First test for the 2009 IPO market 2/10/2009 1:21:58 PM
Posted by: TrackSta
While i think most people expect Mead Johnson (MJN) to make it out the door, since it fits the bill of a company that could go public in this environment, the other three deals (OGAR, MDQ, CWL) should...
RE: Will this be the IPO market icebreaker? (OGAR) 1/14/2009 1:16:26 PM
Posted by: TrackSta
Agreed, group does look strong and the mid-point of the range looks to imply a significant to some of its peers ...
RE: Will this be the IPO market icebreaker? (OGAR) 1/12/2009 1:06:13 PM
Posted by: IPOmeple
A small deal by a small underwriter makes me think that we'll def. see pricing pressure. I like the industry, though, and comp AVAV has been a been a great stock....
Will this be the IPO market icebreaker? (OGAR) 1/12/2009 10:15:48 AM
Posted by: polopony
Customers are the government. That's good. But a small offering....