Interactive Broker's IPO (IBKR) $27-$31 per share 34.5 million shares offered

Interactive Broker’s IPO Ups Price & Shares Offered

Published April 30th, 2007 in Trading Tags: dutch auction, IB, IBKR, interactive brokers, interactive brokers IBKR, Interactive Brokers IPO, ipo, Thomas Petterfy.

It is difficult to gauge the demand supply dynamic in a Dutch auction until it is over but there is such a strong demand for Interactive Brokers IPO (IBKR) that they raised not only the price band (from $23-$27 per share) to $27 to $31 per share but also increased the number of shares offered from 20 million to 34.5 million.

That’s a huge increase! In light of this, I think there’s a good chance that this IPO will actually run when it opens. I’ve already put in my order but being the stingy bastard that I am, I’m not going to chase this right now. I prefer to sit and wait till it comes out to see its price action in the market.

I’m not sure exactly when IBKR will open but chances are good it will be later this week. The first day could actually be tradeable!

dutch auction, IB, IBKR, interactive brokers, interactive brokers IBKR, Interactive Brokers IPO, ipo, Thomas Petterfy

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8 Responses to “Interactive Broker’s IPO Ups Price & Shares Offered”

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1 John Z May 1st, 2007 at 1:13 am

Does anyone know when exactly this one will get priced? This thursday? Open for trade on friday? Thx
2 Babak May 1st, 2007 at 5:49 pm

as far as I know there is no specific date/time - just this week sometime. You just have to watch for news and be ready.
3 John Z May 2nd, 2007 at 7:20 am

Let’s have a predict the ipo price and open price, I say 29 / 38…
4 Babak May 2nd, 2007 at 7:19 pm

sure, sounds like fun
my prediction: prices at $30, opens at $32 and runs to atleast $35 in first day of trading
5 Eyal May 2nd, 2007 at 11:31 pm

I’m guessing 29 and 33. There might be some heavy selling too by small IB short term traders who’ll just want to book a quick profit.

I’ve put a bid in btw.
6 Babak May 3rd, 2007 at 5:05 pm

Eyal,
did you put in your bid before they upped the lmt?
7 Eyal May 3rd, 2007 at 7:44 pm

I put it some time ago and revised it after they upped everything. It looks like they upped the quantity, again! To 40M shares.