AVAV IPO Tomorrow

Discussion in 'Stocks' started by topdown, Jan 22, 2007.

  1. topdown


    Anybody in on this IPO? I missed the window but will try to grab a few shares when they start trading for a quick scalp.

    NEW YORK--(BUSINESS WIRE)--AeroVironment, Inc. (AV) today announced the pricing of its initial public offering of Common Stock at $17 per share, which is one dollar above the originally anticipated range of $14 to $16 per share. The shares will begin trading on Tuesday, January 23, 2007 on the NASDAQ Global Market under the symbol "AVAV".

    The offering will consist of 6,700,000 shares of Common Stock, par value of $0.0001 per share, of which 4,536,306 shares will be sold by AV and 2,163,694 shares will be sold by existing stockholders. The underwriters have an option to purchase up to an additional 1,005,000 shares from AV and the selling stockholders to cover over-allotments of the shares, if any.

    Goldman, Sachs & Co. acted as lead underwriter and bookrunner for this offering, and Friedman Billings Ramsey, Jefferies Quarterdeck, Raymond James, Stifel Nicolaus, and Thomas Weisel Partners LLC participated as co-managers. A copy of the prospectus relating to this offering may be obtained from Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad Street, New York, NY 10004 via fax at 212-902-9316 or e-mail at prospectus-ny@ny.email.gs.com.
  2. blast19


    Do you have the prospectus by chance?