IPO's Stalled No More
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Sometimes it only takes a three-day weekend to make things better. Or so it did on Tuesday, as the Nasdaq had its best day ever: a historic 7.9 percent gain. With this figure in mind, some IPOs that have been stalled may see light soon. Here are some that are stirring.
Busybox designs and implements Web-based systems for organizing digital image collections and transaction systems for selling images. Two customers of Busybox.com include Corbis Corporation and the National Basketball Association.
For a licensing fee, Busybox.com also maintains reelstock.com, a site that distributes digitized, broadcast-quality stock film and video footage. They have over 4,000 clips in such categories such as extreme sports, wildlife, and lifestyles.
Barron Chase Securities is the lead underwriter. The proposed ticker symbol is BUSY and the price is $5.
Banc of America Securities is the lead underwriter. The proposed ticker symbol is ENTG and the price range is $15 to $17.
TyCom is trying to become the world's largest owner/supplier of undersea fiber-optic bandwidth. Sometime in 2002, its TyCom Global Network will be completed and will consist of Transatlantic, Transpacific, and European cable systems. This system will connect cities of all sizes: Amsterdam, London and Los Angeles, as well as Gdansk, Poland and Tanguisson, Guam.
TyCom is the holding company for the undersea cable operations of Tyco International, who will have a controlling stake in the TyCom after it goes public.
Goldman Sachs is the lead underwriter. The proposed ticker symbol is TCM and the price range is $26 to $30.
eAcceleration offers free software to consumers if they agree to set their default homepage to eAcceleration's YourPortal.com site. Their Webcelerator and Net Butler helps speed up browsing and downloading from the Internet.
For those who have a commercial Web site, they can also sign up as an affiliate. If a visitor leaves their site by clicking on eAcceleration, the affiliate makes at least 3 cents per clickthrough. eAcceleration says they make an average of 6 1/2 cents per each visitor.
This offering is unique in that it is self-underwritten. The proposed market symbol is EACE and they are asking $6.25 per share.