---

Go to Home Page




Finance Business IPO Review Money economy trading

Finance Business IPO Review Money economy trading

m

Google moneycurry.comWeb
Business :- Online Trading Platform 

Listing :- NASDAQ Global Market

Symbol  :--  "MELI"

Business Overview

IPO Report

Offer/Objects of issue

The Offering ( can be change at last moment, subject to demand )

Common stock offered :-  16,077,185 shares of common stock par value $0.001

Common stock outstanding after this offering :-  43,835,263 shares of common stock par value $0.001

Offer price range :- $16.00 and $18.00 per share

For valuation report of issue check IPO Report

Common stock offered by company

2,608,696 shares

Common stock offered by selling stockholders

13,468,489 shares

Total common stock to be outstanding immediately after this offering

43,835,263 shares

The underwriters have an option to purchase a maximum of 2,411,577 additional shares from company and selling stockholders to cover over-allotments of shares.

Proceeds

Estimate net proceeds to company from this offering will be approximately US$ 40.6 million, after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by company. A $1.00 increase (decrease) in the assumed initial public offering price of US$17.00 per share would increase (decrease) the net proceeds from this offering by approximately US$2.5 million, assuming that the number of shares offered by company remains the same.

Use of proceeds

  • $9.3 million to repay the total outstanding principal amount and accrued interest, as required under the Loan and Security Agreement, dated November 2, 2005, between company and eBay.

  • Remaining net proceeds for general corporate purposes, including working capital. In particular, company may acquire or invest in businesses, technologies or products that are complementary to it's business. Although company have no acquisitions pending.

Pending these uses, Company intend to invest net proceeds from this offering in short-term, interest-bearing, investment-grade securities.

Common stock to be outstanding be outstanding after this offering excludes:

  • 149,111 shares reserved for future issuance upon exercise of outstanding options

  • 296,437 shares available for future awards under  stock option plan. 

  

This article reflects personal view of the author about the company and one must read offer prospectus and consult its financial adviser before making any investment decision


TOP

  Contact us; ipo_new@yahoo.com