November 19th, 2006

Меррилл Линч жжот

Самый прикол, что они сделали это с биржей :)


NEW YORK (MarketWatch) -- Analysts in the market for initial public offerings were mixed on whether bankers for the moon-shot IPO from Nymex Holdings Inc. was priced too low.

Joint book-running managers J.P. Morgan (JPM) and Merrill Lynch (MER) priced the deal at $59 a share.

It opened at $120 and rose to $134.75 in the open market, in the biggest first-day gain in six years by a U.S.-based offering.

The pricing came in above the expected range of $54 to $57 a share, which had been raised from $48 to $52 a share.

If the Nymex (NMX) IPO was priced at $135 a share, the company would have raised $878 million, or nearly $500 million more than its actual IPO proceeds of $383 million.

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