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.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

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.