LogMeIn IPO: LOGM IPO: Review Analysis & Details

After so many months, a new IPO or Initial Public Offering is expected to hit the stock markets. The company bringing out the IPO is a technology company called LogMeIn and is known to have the backing of the tech giant Intel. In this article, we will look at the review, analysis and fine details of the LogMeIn IPO.
Some basic details first:
What is the issue size of the LogMeIn IPO?
The LogMeIn IPO is planning a 100 million USD offering.

What is the company profile & business for the LogMeIn IPO
The company is in the business of providing on-demand remote-connectivity services to small business and consumers, and derives most of its revenue from subscriptions

How many shares will be offered for sale for the LogMeIn IPO?
Around 6.7 million equity shares are expected to be sold through the LogMeIn IPO.

What is the price band of the LogMeIn IPO
The shares of LogMeIn IPO are offered in the price range of USD 14 to USD 16 per share.

What is the trading symbol & exchange for the LogMeIn IPO
The company has selected LOGM as the stock ticker symbol and will be listing on NASDAQ stock exchange

What are the IPO dates for LogMeIn IPO
The IPO for LogMeIn is expected to be priced on July 1, while the trading will commence for the same on July 2 on the exchanges.

What are the financial results and position for LogMeIn IPO
Despite the recession, the company has managed to double the profits in 2008 taking it to around 52 million USD. Though this is not the consistence performance, since it was hit by repetitive losses.

Who are the underwriters of the LogMeIn IPO?
Barlays Capital & JP Morgan are the lead underwriters or Book Running Lead Managers BRLM for the issue. They will have the option to buy additional 1 million shares in case of over-allotments.

What is the current share holding pattern of LogMeIn ?
Backed by Intel which has around 5.4 percent of the shares, Prism Venture Partners has around 24% stake and and Polaris Venture Partners with a 21 percent shares