Safety-Kleen IPO Review

Safety-Kleen Holdings Company is planning to come out with its IPO or initial public offering. On May 1, it has submitted IPO filings with the Securities and Exchange Commission or the SEC.


What is expected size of the Safety-Kleen IPO?
The Safety-Kleen IPO is expected to raise around 300 million dollars, as an indicative figure from the SEC filings. Though this figure may change at a later stage.

Which stock exchange will Safety-Kleen IPO shares be listed?
The Safety-Kleen IPO shares will be listed on NYSE or the New York Stock Exchange.

Which ticker symbol has been selected by Safety-Kleen IPO?
Ticker symbol “SK” will be used by Safety-Kleen IPO shares.

Who are the underwriters for the Safety-Kleen IPO issue?
Merrill Lynch and JPMorgan have been appointed as the underwriters for the Safety-Kleen IPO issue

What is the business valuation of Safety-Kleen IPO?
As per the news on 247wallst, Safety-Kleen is a leading provider of comprehensive environmental solutions such as providing used oil collection, re-refining and recycling, and parts cleaning services, containerized waste services, and vacuum services in North America. They have been in business for over 40 years and operate 75% of the re-refining capacity of used oil in North America. They are a market leader in their businesses, have a strong brand name, and recurring revenue stream from a wide, diverse customer base. They served 33,000 customers in 2007, including 420 of the top Fortune 500 companies, generating revenue of $1.1 billion and a net income of $4.5 million.

Let’s see how this IPO from Safety-Kleen performs once it opens up in the market.

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