I'm in on it.
I need some nice IPO ass since I missed out on MasterCard.
Please be another MA....
Tight limit orders, though?
http://www.forbes.com/markets/feeds/ap/2006/11/10/ap3163460.html
NYMEX Sets IPO
Associated Press 11.10.06, 11:27 AM EST
NYMEX Holdings Inc., owner of the New York Mercantile Exchange and the COMEX commodity exchange, and its shareholders plan to sell 6 million shares of stock in an initial public offering, hoping to raise up to $312 million.
The company expects the IPO price range to be between $48 and $52 per share. NYMEX will sell 4.9 million shares, and stockholders plan to sell an additional 1.1 million.
NYMEX said it has no specific plans for the expected $220.2 in net IPO proceeds, other than a $10 million payment to the owners of COMEX division memberships, as required by a 1994 merger agreement. The company said it will use the proceeds for general corporate purposes, capital spending and working capital. The company said the purposes for the offering include providing increased visibility in the marketplace.
Through its subsidiaries, NYMEX offers platforms to trade everything from crude oil to natural gas to gold.
Among its competitors, NYMEX said domestic, foreign and over-the-counter exchanges all fight for the same trading volume that is the lifeblood of their businesses. As an example, it said IntercontinentalExchange Inc., or ICE, is engaged in the trading of several energy instruments that are financially equivalent to those traded on its own exchange.
NYMEX's selling shareholders include Man Group Finance Inc., Calyon Financial Inc. and Bear, Stearns Securities Corp.
The offering's underwriters include J.P. Morgan Securities, Merrill Lynch, Banc of America Securities, Citigroup Global Markets, Lehman Brothers and Sandler O'Neill & Partners.
NYMEX plans to trade under the ticker "NMX" on the New York Stock Exchange.