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Investing

Netlist IPO Priced at the Low End of the Range

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By Douglas A. McIntyre Published
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Netlist (NLST) has been an IPO that hasn’t been "on again, off again" but it has been one that has been on the IPO docket without a resounding "We love you" from the street. 

This IPO finally priced at $7.00 for 6.25 million shares, so the priced the whole deal but at they low end of the $7.00 to $9.00 range.  The company actually made its IPO filing in August, and we put out quite a bit of data on it at the time. The underwriting group was listed as Thomas Weisel, Needham, and W.R.Hambrecht.  Here is a link to find more, but right now it seems they had to price the deal a little low to garner interest.

Netlist is an Irvine, California-based company that designs and builds memory systems or modules used by computer manufacturers.  IBM (IBM) and Dell (DELL) are responsible for nearly 80% of their revenues.

HERE is a background piece on the company we ran at the filing date.

Jon C. Ogg
November 30, 2006

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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