stlplaceLast Updated on October 5, 2009 by stlplace
(Update 2) Some employee reviews at jobvent.
(Update) Market cap calculation: the company issued 5.7 m * $14 = $79.8 m. According to 424B4: (principle and selling shareholders), 1,714,710 shares is about 8.0 % (last row). 5.7 /1.715 * 8% = 3.3241 * 8% = 26.59%. So the market cap is about:
$79.8 m / 26.59% = $300 m
Company has revenue of $203 m in 2008.
Last Updated on October 2, 2009 by stlplace
(Update 2) It appears EDMC IPO had warm reception. After all, it’s backed by Goldman (both as investor and IPO underwriter). Also from Reuters.
(Update) BTW, I found Echo Global Logistics IPO to be much more interesting, will write it up soon.
(Original) Priced at $18 a piece (Reuters), quote:
EDMC (web site), a provider of post-secondary education, said on Thursday that shares in its initial public offering priced for $18 each, at the bottom of the range.
The private equity backed company sold 20 million shares and said it expects net proceeds of $334.8 million. (My comment: 20 m shares is about 17% of the company, this priced EDMC roughly at $2 b).