Newegg IPO
Posted by Jeff N in Amazon.com, IPO, Newegg, Online Retailers
The major online electronics dealer, Newegg is going to have an Initial Public Offering in the near future.
This is likely to be a big deal because Newegg is among the leaders in selling electronics online, and sites such as Amazon.com have copied the way of suggesting similar products a customer may enjoy. Amazon.com had an IPO of $438 million back in 1997. Newegg is expecting an IPO of $175 million, but I see that being much higher because of Newegg's place in the online marketplace. Also, Newegg has turned a profit the past 8 years and had sales of 2.8 billion in 2008.
Amazon.com was trading for $16 a share after the IPO and now is trading at $92.
My suggestion is to get in on the IPO, what do you think?
http://www.reuters.com/article/marketsNews/idUSN288093020090928