Found on another thread Interactive Brokers Group files for $500 mln IPO Mon Nov 27, 2006 9:31am ET146 WASHINGTON, Nov 27 (Reuters) - Interactive Brokers Group Inc., an automated global electronic market maker and broker, filed with regulators on Monday to raise up to $500 million in an initial public offering of its Class A common stock. The Greenwich, Connecticut-based company said in a registration statement with the U.S. Securities and Exchange Commission that WR Hambrecht & Co. and E Trade Securities are underwriting the IPO. © Reuters 2006. All Rights Reserved.
thats brilliant.they are going to do well. it is broker mania. plus i am sure they will share the proceeds with their loyal client base???? i want a porsche. blue please
nice. now i can hedge against them going refco. will them going ipo have any effect on thier clients in the long run with regards to quality of service?
As has happened with the Merc and CBOT, I expect to see IB fees begin to creep up to feed the quarterly earnings beast once it's public. However, I hope I'm wrong.
IB customer deposits have been growing in excess of 10% per quarter so there should be no need to raise fees. q4 1999 $12,633,891 q2 2000 $55,785,807 341.56% q4 2000 $89,996,028 61.32% q1 2001 $130,638,080 45.16% q2 2001 $145,169,293 11.12% q3 2001 $174,590,207 20.27% q4 2001 $231,721,899 32.72% q1 2002 $281,550,555 21.50% q2 2002 $335,660,538 19.22% q3 2002 $419,432,757 24.96% q4 2002 $519,003,375 23.74% q1 2003 $652,546,919 25.73% q2 2003 $786,023,335 20.45% q3 2003 $912,920,764 16.14% q4 2003 $1,059,484,562 16.05% q1 2004 $1,161,539,584 9.63% q2 2004 $1,258,110,507 8.31% q3 2004 $1,381,742,723 9.83% q4 2004 $1,525,054,608 10.37% q1 2005 $1,689,818,726 10.80% q2 2005 $1,890,315,996 11.87% q3 2005 $2,124,949,775 12.41% q4 2005 $2,412,665,646 13.54% q1 2006 $2,744,791,949 13.77% q2 2006 $3,116,641,386 13.55% q3 2006 $3,457,354,417 10.93%