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Finance Business IPO Review
Money economy trading
Finance Business IPO Review
Money economy trading
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m
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| Business :- Online Trading Platform |
Listing :- NASDAQ Global Market
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Symbol :-- "MELI"
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The Offering
( can be change at last moment, subject to demand ) |
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Common
stock offered
:- 16,077,185
shares of common
stock par value $0.001 |
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Common
stock outstanding after this offering :- 43,835,263
shares of
common stock par value $0.001 |
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Offer
price range :- $16.00
and $18.00
per share |
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For
valuation report of issue
check IPO Report |
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Common stock offered by company |
2,608,696
shares
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Common stock offered by
selling stockholders |
13,468,489
shares
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Total
common stock to be outstanding immediately after this offering |
43,835,263
shares |
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The
underwriters have an option to purchase a maximum
of 2,411,577 additional shares from company and selling stockholders to cover
over-allotments of shares.
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Proceeds
Estimate
net proceeds to company from this offering will be
approximately US$ 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
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$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.
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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.
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Common stock to be outstanding
be outstanding after this
offering excludes:
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149,111
shares reserved for future issuance upon exercise of
outstanding options
-
296,437
shares available for future awards under stock
option plan.
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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
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