samedi 6 novembre 2010

IPO fiesta


Primo Water Corporation (NASDAQ: PRMW) priced an initial public offering of 8,333,333 shares of common stock at a price of $12.00 per share. The company is a North Carolina-based and it sells three-gallon and five-gallon purified bottled water and water dispensers sold through major retailers nationwide.

The company said that it plans to use $60 million and funds from its new senior revolving credit facility. The company will issue additional shares directly to Culligan Store Solutions LLC and will pay for the Culligan Refill acquisition at roughly $105 million.

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The Fresh Market Inc. (NASDAQ: TFM) just became a challenger to this week’s review of the top 7 IPO’s of 2010.. The company priced its initial public offering of 13,175,000 shares of common stock being sold by stockholders at $22.00 per share. The company is a higher-end grocery chain with fresh and premium products and it has its Old World Butcher shop, European Delicatesan and Fresh Baked Goods. The company notes, “Our goal is to become an out of the ordinary food destination store for those who enjoy cooking and good eating.

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