IPO News Archive
O'Gara Group revises IPO terms
2/12/09
O'Gara Group, which provides a portfolio of security, safety and defense products and services, lowered the proposed deal size for its upcoming IPO on Thursday. The Cincinnati,OH-based company now plans to raise $120.0 mil by offering 8 million at a price range of $14.00 to $16.00. The company had previously filed to offer 8 million at a range of $17.00 to $19.00. At the mid-point of the revised range, O'Gara Group will raise -17% fewer proceeds than previously anticipated. O'Gara Group plans to list on the NASDAQ under the symbol OGAR. Morgan Keegan is the lead underwriter on the deal, which is now expected to price during the week of 2/16/09.
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....