Aegean Marine Petroleum (ANW) saw its 12.5 million share IPO price at $14.00, which was at the top of the $12 to $14 range. Bear Stearns was the lead underwriter; co-managers listed as Johson Rice, Simmons, and Dahlman Rose. Aegean is a Greek-based company that provides fuel and lubricants to ships at port.
Allegiant Travel (ALGT) saw its 5 million share IPO price at $18.00, above the $15 to $17 range from Merrill Lynch, Bear Stearns, and Raymond James. Allegiant is the Las Vegas-based low cost airliner that services smaller cities.
Heelys (HLYS) priced a 6.43 million share IPO at $21.00, up from 6.25 million shares and above the $16 to $18 range. Bear Stearns and Wachovia were the lead underwriters; co-managers were listed as J.P.Morgan and CIBC. Heelys makes the wheeled shoes, although this has been well telegraphed and talked up by Cramer and others.
So all IPO’s were either hiked or priced at the high-end of the range today.
Jon C. Ogg
December 8, 2006