JETBLUE AIRWAYS IPO VALUATION Teaching Note This case examines the April 2002, decision of JetBlue management to price the initial public offering of JetBlue stock during one of the worst periods in airline history. The case outlines JetBlue’s innovative strategy and the associated strong financial performance over its initial two years. Students are invited to value the stock and take a position on whether the current $25–$26 per share filing range is appropriate. The case is designed
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INITIAL PUBLIC OFFERINGS (IPOs) REGULATIONS & PROCESS Options for Raising Funds Fund Raising Options Debt Equity IPO FPO Hybrid From Banks & FIs Various forms of Convertibles In India Public issue of Bonds/Debentures Rights Issue Pref. Issue outside India ECB ADR/GDR FCCB & FCEB Why IPOs? For Funding Needs •Funding Capital Requirements for Organic Growth •Expansion through Projects •Diversification •Funding Global Requirements •Funding Joint Venture
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with the loans they were signing up for, the quickly slid out the back door and left the customers in a world of trouble. Regardless if their companies went down, a few of people at the top of the food chain actually got rich off of the downfall of the housing market. Again, this is similar to what happen to the internet bubble before it bust to pieces. There was some research that was done in 2003 that showed how there was a radical transformation in the profile of IPO investors (Entrepreneurs Exploiting
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public through the initial public offering (IPO). But for the president of the company, it is a struggling decision of whether or not Knoll should go public because there are many pros and cons that have to be considered regarding going public. One of the advantages for Knoll to go public is that an IPO is a good way for Warburg Pincus to write up its investment to the exit valuation, increasing the internal rate of return. Another advantage is that an IPO will bring a large amount of payout to Warburg
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Pricing the 2009 IPO In the following case study we intend to analyse Rosetta Stone’s 2009 IPO. The main purpose is to come up with a reasonable estimate of the price at which the firm’s shares should be initially offered. This estimation is preceded by a general consideration of the advantages and disadvantages that going public might have for Rosetta Stone. Following this qualitative analysis, we then estimated the price at which Rosetta Stone’s shares should be offered in the 2009 IPO. In order to
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debt and foreign currencies. When most people think of a stock exchange, they picture a scene of frantic activity, with traders in funny-looking jackets simultaneously jostling for position, shouting commands, making strange hand signals, and writing up orders. Behind this frenzied spectacle, however, is a methodical and organized system of trading, in which the price of any stock is set purely by rule of supply and demand in an auction setting. Specialists help match buyers and sellers,
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James Holliday April 3, 2011 FI516 IPO Paper Identify the company and its industry. Pandora Media, Inc. is an internet streaming radio service used by more than 80 million listeners. Pandora, which has a catalog of 800,000 songs from more than 80,000 artists, has roughly half the market for Internet radio in 2010, according to a study published in November by Ando Media. Though the service is wildly popular, it has yet to make a profit. The Internet radio station generates playlists based
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since its Initial Public Offering (IPO). First, the paper opens with a review of the company and its industry. Second, the Financial and Non-Financial facts are reported based on information stated on the Security and Exchange Commission (SEC) filings. Followed by an analysis that describes how successful was the IPO in raising capital, which continues with a narration of the happenings to the company since the IPO. Finally, the trend of Visa’s stock price since the IPO is scrutinized. THE COMPANY
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IPO Process in Bangladesh Submitted to: Md. Lutfur Rahman Assistant Professor, Department of Business Administration, East West University, Dhaka. Submitted by: Name | ID | Arafat Rauf | 2009-2-10-345 | FIN 335 Section: 3 Fall: 2011 Date of Submission: 15th December 2011 Executive Summary | This term paper gives us a practical experience while passing through the theoretical understanding. The report is the result of our understanding about what are IPO and IPO listing
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Ethics and Governance of Microfinance Institutions The Banco Compartamos' IPO (A)1 In April 2007, a Mexican Microfinance company stunned the world by issuing shares which were priced at twelve times book value and which were oversubscribed thirteen times! When Carlos Danel and Carlos Labarthe founded their NGO they could not possibly have dreamed that they would be so successful. Compartamos AC was an NGO established in 1990 as a not-for-profit institution to provide microcredit to poor people
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