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  1. #1
    Lite On The Do, Heavy On The Nuts Donuts's Avatar
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    Buy.com IPO (to begin trading on NASDAQ)
    Source: http://www.internetretailer.com/dailyNews.asp?id=17042

    Buy.com readies for Wall Street with a reduced price per share
    Buy.com has the green light to begin trading on NASDAQ, but the company is lowering the range of its IPO.

    Buy.com, No. 33 in the Internet Retailer Top 400 Guide to Retail Web Sites, expects to sell just over 4.2 million shares at $8 per share, which would raise as much as $33.6 million in new working capital. Earlier Buy.com expected shares of its IPO to be priced between $11 and $13 per share.

    The company will use the proceeds to pay down $9 million in debt, increase its sales and marketing activity and build up its infrastructure.

    Buy.com Inc. increased its revenues by 16% for the first half of the year, growing to $151.3 million for the period January through June, compared to sales of $130 million for the first six months of 2004.

    ~~~~~~~~~~~~~~~~~~~~
    More info:

    They did an IPO once before, and then bought it all back for a lot less:
    http://www.usatoday.com/tech/techinv...d_x.htm?csp=34

    HOLD UP..... found this from yesterday (12/20/05) news...
    http://www.ipohome.com/common/ipopro...sp?ticker=BUYY
    "E-commerce site Buy.com postpones IPO
    12/20/2005
    In a sign of weak demand, Buy.com, a leading online retailer of consumer electronics, books and videos, postponed its initial public offering Tuesday morning. The company originally planned to offer 4.2 million shares at a range of $11-$13, but had since lowered the proposed price to $8. Thomas Weisel and Stifel Nicolaus were slated as underwriters on the deal."

    so nevermind... false alarm... IPO apparently postponed...

  2. #2
    Defender of Truth, Justice and the Affiliate Way
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    They have a long history with the IPO thing. How many times can a company do an IPO anyway?

  3. #3
    Lite On The Do, Heavy On The Nuts Donuts's Avatar
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    PT Barnum infers there's no limit...

  4. #4
    Full Member fg20878's Avatar
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    There is no mention about the IPO on buy.com website. Is this for real?

  5. #5
    Lite On The Do, Heavy On The Nuts Donuts's Avatar
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  6. #6
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    It would be a bad investment anyway, they don't have much going for them:

    http://www.businessweek.com/technolo...gn_id=rss_tech

    I think there was another article that mentioned something to the effect of a chunk of the proceeds from the IPO going straight to Blum's pocket to pay back loans he made to his company.

    A better gamble in this arena would be OSTK stock.

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