Banking, finance, and taxes

Interactive Brokers Now Public & Open (IBKR)

Stock Tickers: IBKR, ETFC, AMTD, SCHW

Interactive Brokers (IBKR-NASDAQ) has now opened after pricing its IPO.  The IPO came public via the OpenIPO(R) format from W.R.Hambrecht, and we already posted the bidding indications from prior bidding to give some indications of what to potentially expect for first day floors or caps.  Those are far from absolutes, but they could be used as a guide.

-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%.

Shares have now traded over 10 million shares and are up above $32.00.  The company has instantly grown in to a size that it can be compared to Ameritrade (AMTD-NASDAQ) and E-Trade (ETFC-NASDAQ), although it is still far short of Charles Schwab (SCHW-NASDAQ).  At the pricing, the company was worth roughly $12 Billion in market cap, but we’ll follow up on that with more precise numbers later.

Jon C. Ogg
May 4, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

Take Charge of Your Retirement In Just A Few Minutes (Sponsor)

Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.

Here’s how it works:

  1. Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
  2. Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
  3. Choose Your  Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.

Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.