IPOs are Back

The market may have pulled back some, but IPOs are hot again. We just saw Chipotle’s (CMG) double on its first day. Now we have Crocs!
Don’t tell me you don’t know what Crocs are! Oh please. You are so not with it. Crocs are (I’m told) the hottest thing in footwear. The company introduced its first models just four years ago, and they’re going to have an IPO this week.
Demand is heavy. The original price was to be between $13 and $15 a share. The underwriters just raised the range to $19-$20 a share. This will be the largest shoe offering ever. The symbol will be CROX.

Posted by on February 7th, 2006 at 2:07 pm


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