Colfax IPO Review

A new IPO is coming up on the NYSE stock exchange. The IPO belongs to Colfax corporation, which is in the business of manufacturing and marketing fluid handling products.


What is the price band of Colfax IPO?
The price for the Colfax IPO shares is in the price band of$15 to $17 per share.

What is the size of Colfax IPO?
Around 18.5 million shares will be sold through the Colfax IPO. The company said it plans to sell 7.8 million shares, while stockholders will sell an additional 10.9 million shares.

Who are the underwriters for the Colfax IPO issue?
Merrill Lynch, Pierce, Fenner & Smith Inc, Lehman Brothers, UBS Securities, Robert W Baird & Co, Banc of America Securities, Deutsche Bank Securities Inc and KeyBanc Capital Markets Inc were underwriting the IPO. The underwriters have the option to buy up to 2.8 million shares to cover any over-allotments.

What are the business valuations and financial results of Colfax IPO?
The company posted net income of $64.9 million in 2007 compared with $94,000 in 2006. For the year ended 2007, net sales was $506.3 million compared with $393.6 million in 2006.

Where will the Colfax IPO proceeds be used?
It plans to use the proceeds to repay debt, pay dividends to preferred shareholders and for other corporate purposes. Colfax plans to list its shares on the New York Stock Exchange under the symbol "CFX".

Let’s see how this IPO performs once it is open for subscription in the market.

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