Interactive Brokers Files To Go Ipo

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Interactive Brokers Group files for $500 mln IPO
Mon Nov 27, 2006 9:31am ET146


WASHINGTON, Nov 27 (Reuters) - Interactive Brokers Group Inc., an automated global electronic market maker and broker, filed with regulators on Monday to raise up to $500 million in an initial public offering of its Class A common stock.

The Greenwich, Connecticut-based company said in a registration statement with the U.S. Securities and Exchange Commission that WR Hambrecht & Co. and E Trade Securities are underwriting the IPO.

© Reuters 2006. All Rights Reserved.
 
thats brilliant.they are going to do well. it is broker mania. plus i am sure they will share the proceeds with their loyal client base???? i want a porsche. blue please
 
nice. now i can hedge against them going refco. :D will them going ipo have any effect on thier clients in the long run with regards to quality of service?
 
As has happened with the Merc and CBOT, I expect to see IB fees begin to creep up to feed the quarterly earnings beast once it's public. However, I hope I'm wrong.
 
Quote from JangoFolly:

As has happened with the Merc and CBOT, I expect to see IB fees begin to creep up to feed the quarterly earnings beast once it's public. However, I hope I'm wrong.


IB customer deposits have been growing in excess of 10% per quarter so there should be no need to raise fees.

q4 1999 $12,633,891
q2 2000 $55,785,807 341.56%
q4 2000 $89,996,028 61.32%
q1 2001 $130,638,080 45.16%
q2 2001 $145,169,293 11.12%
q3 2001 $174,590,207 20.27%
q4 2001 $231,721,899 32.72%
q1 2002 $281,550,555 21.50%
q2 2002 $335,660,538 19.22%
q3 2002 $419,432,757 24.96%
q4 2002 $519,003,375 23.74%
q1 2003 $652,546,919 25.73%
q2 2003 $786,023,335 20.45%
q3 2003 $912,920,764 16.14%
q4 2003 $1,059,484,562 16.05%
q1 2004 $1,161,539,584 9.63%
q2 2004 $1,258,110,507 8.31%
q3 2004 $1,381,742,723 9.83%
q4 2004 $1,525,054,608 10.37%
q1 2005 $1,689,818,726 10.80%
q2 2005 $1,890,315,996 11.87%
q3 2005 $2,124,949,775 12.41%
q4 2005 $2,412,665,646 13.54%
q1 2006 $2,744,791,949 13.77%
q2 2006 $3,116,641,386 13.55%
q3 2006 $3,457,354,417 10.93%
 
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