IPO Filing: Polypore International (PPO)

By Douglas A. McIntyre Published Mar 14, 9:58AM EDT

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This morning we have an IPO filing from Polypore International, Inc., which has indicated an NYSE listing under the "PPO" stock ticker. It lists $362.25 million as the amount to be raised, but this is often a nominal amount indicated just for filing purposes. You can review the full SEC Filing if you want to read the full details.

So far its list J.P.Morgan as the sole lead underwriter. Polypore develops, manufactures and markets specialized microporous membranes used in separation and filtration processes in two primary segments: energy storage and separations media. The energy storage segment accounted for approximately 72% of 2006 sales. Primary applications in this segment are lithium batteries and lead-acid batteries for laptop computers, mobile phones, power tools, and hybrid electric vehicles. The separations media segment accounted for approximately 28% of 2006 net sales. Primary applications for its membranes and membrane modules in this segment are hemodialysis, blood oxygenation, plasmapheresis and various high-performance microfiltration, ultrafiltration and gasification/degasification applications.

Its customers are located globally with strategically located manufacturing facilities in North America, Europe and Asia. In 2006, Polypore generated total net sales of $479.7 million and a net loss of $29.6 million; its Adjusted EBITDA was $139.8 million, as defined in its senior secured credit facilities.

Jon C. Ogg
March 14, 2007

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

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.