Interactive Brokers: Perterfly strikes it rich

Discussion in 'Retail Brokers' started by nitro, Nov 28, 2006.

  1. nitro


    I just heard that IB is doing an IPO. I do not have the details exactly, but I believe they are selling 5% of the company, valued at $500M. Since Peterffy owns something like 85% of the company, that puts the value of his shares at about $8B!!

    Whether the IPO is a good buy or not I don't know, but from what I have heard, they do something like $1B a year in revenues, of which $500M is profit!!!!! :eek:

    IMO, IB has done more than any other firm to set a level playing field for the retail trader. Congratulations.