Newegg IPO

When is this IPO happening? (Love NEwegg.com too)

I wish we could get in on it with TDameritrade, or any IPO. ALso, Even if you have a broker accoutn with JP morgan, don't you STILL need to be a "high roller" to get in?
 
Wow, Ugly S-1 filing.

only 28 million dollars of profit on 2 billion in sales (razor thin margins)

And lots of nasty risks including shareholder equity dilution etc..

I wonder how many longs gonna get burned on this IPO

Smells Like Crazy Eddies.
 
Quote from KINGOFSHORTS:

Wow, Ugly S-1 filing.

only 28 million dollars of profit on 2 billion in sales (razor thin margins)
More...

Wow that is ridiculous. Roughly 16 million in net income after taxes. 0.8 percent ROA?
 
Quote from KINGOFSHORTS:

Wow, Ugly S-1 filing.

only 28 million dollars of profit on 2 billion in sales (razor thin margins)
More...

There's a reason they're so popular, and that reason is that they have rock bottom prices, but outstanding service. I'm sure that has a lot, if not all, to do with the tiny profit margin.
 
Quote from KINGOFSHORTS:

Wow, Ugly S-1 filing.

only 28 million dollars of profit on 2 billion in sales (razor thin margins)

And lots of nasty risks including shareholder equity dilution etc..

I wonder how many longs gonna get burned on this IPO

Smells Like Crazy Eddies.
More...

28mil net? that's annual #? how does newegg's #s compare with AMZN's?
 
Quote from KINGOFSHORTS:

Wow, Ugly S-1 filing.

only 28 million dollars of profit on 2 billion in sales (razor thin margins)

And lots of nasty risks including shareholder equity dilution etc..

I wonder how many longs gonna get burned on this IPO

Smells Like Crazy Eddies.
More...


What are they doing with the proceeds?
 
Quote from AyeYo:

I assume you're talking about a physical person. So what if my broker is ETrade?
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Call Etrade and ask them about getting in at the IPO price.

When V had their IPO I purchased 2000 shares at market that morning. I'd been trading for 5 whole weeks, had no idea what a limit order or a stop was and simply thought, "Wow, Visa! That will go up!"

Well, it took almost an hour to get filled and my price was 59.00, not the 43.00 IPO price I was expecting. When I contacted Etrade about why my price was so far from the IPO price they said you need to reserve shares in advance to get that price.

The good news is, V moved up nicely and I made a $7100 overnight.

Ah, beginner's luck...
 
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