Verso Paper IPO Review

Another IPO filing has been done. The Memphis based Verso Paper Corporation is expected to come out with its proposed IPO or initial public offer.

What is the business of Verso Paper Corp?
Verso Paper Corp. is in the business of providing coated paper to magazine publishers.

What is the size of Verso Paper IPO?
Verso Paper IPO is planning to sell approximately 19 million shares through its IPO.

What is the price band of Verso Paper IPO?
The Verso Paper IPO share price is expected to be between $16 and $18 per share.

How much capital will be raised through Verso Paper IPO?
Verso's market capitalization will range from $908.7 million to $1.02 billion and the company expects to raise about $295.8 million from the IPO after fees.

What are the financial results and business valuations of Verso Paper IPO?
Verso reported net sales of $1.63 billion in 2007 along with a loss of $115 million.

Verso Paper plans to offer shares with the New York Stock Exchange under the symbol “VRS”. Let’s see how this IPO performs in the markets once it opens up for subscription.

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