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    IBKR IPOs Tomorrow!

    By Stock Charts | May 4, 2007

    Interactive Broker’s IPO is set for tomorrow, May 4. I previously wrote about IBKR’s IPO a few days ago, and I personally put in a bid. It looks like it’s about to pay off, as Interactive Brokers is shaping up to be one of the hottest IPO’s of the year. Here’s a press release from Yahoo Finance:

    GREENWICH, Conn., May 3 /PRNewswire-FirstCall/ — Interactive Brokers Group, Inc. (Nasdaq: IBKR – News) today announced an increase in the size of the proposed initial public offering of shares of its Class A common stock from 34,500,000 shares to 40,000,000 shares and further announced the pricing of its initial public offering at $30.01 per share. As previously disclosed in the registration statement, all net proceeds from the sale of shares in the offering will be received by the current members of IBG LLC, the current holding company for its electronic market making and brokerage business.

    The Class A common stock will begin trading on May 4, 2007 on the NASDAQ Global Select Market under the symbol “IBKR.” The offering is expected to close on or about May 9 2007.

    The following is selected information about the auction:

    – The auction clearing price was $33.00.
    – The offering price was $30.01.
    – A total of 13,504 bids were received in the auction.
    – A total of 8,282 bids were successful.
    – A total of 145,514,807 shares, in total, were bid for at prices equal
    to or in excess of the offering price.
    – The pro rata fill rate for bids was 27.5%.

    Here are some other articles:

    I’m definitely looking forward to tomorrow’s action!

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    Topics: Stock News | 1 Comment »

    One Response to “IBKR IPOs Tomorrow!”

    1. IBKR’s IPO Results | The Wall Street Matador Says:
      May 7th, 2007 at 3:39 am

      [...] IBKR IPOs Tomorrow! [...]