Friday, April 18, 2008

Under the Radar: Utility IPO (IPI; RWE)

Update: more commentary here.
From MarketBeat (note the timestamp):

How much has the U.S. IPO market improved? One issue expected to be floated next week might answer that question.

The most highly anticipated deal next week might be for Intrepid Potash, a Denver based producer of potash and langbeinite (both used as fertilizer), as the agricultural sector has been all the rage of late. But American Water Works, the nation’s largest private water utility, is expected to get back into the market amid earnings season with its own IPO, and hopefully the results will be better than in November, when the IPO was pulled due to unfavorable conditions....MORE

Here's what 24/7 Wall Street had to say about the Intrepid Potash IPO:

Intrepid Potash Hiked IPO Terms, From Hot To Scorcher (IPI)

Intrepid Potash Inc. is soon to be pricing an IPO and the "hot status" was just confirmed. With all the hype and pricing power of anything tied to potash, nitrates, fertilizer, and anything tied to Agriculture, this was a foregone conclusion. The company issued an amended IPO filing with the SEC showing that it boosted the size of its planned IPO to a level that will now be over $1 Billion....MORE