Tuesday, March 15, 2005

As BofI starts trading, investors hope rates don't rise too fast

Bank of Internet Holding (ticker: BOFI) stock started trading today. The company priced its IPO in the middle of the range, selling 3,052,174 shares (plus an underwriter's option for an additional 457,826 shares) at $11.50 per share. The IPO was lead-underwritten by WR Hambrecht using an auction method. The stock is currently trading at about $11.40.

BofI's S-1 filing is a terrific primer on Internet banking. Here are some key stats about the company's business, plus excerpts from the S-1 that describe its growth and the issues facing the online banking business as interest rates rise:

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Posted by David Jackson on March 15, 2005 at 02:21 PM in Sub-sector: E-finance, ticker: BOFI | Permalink | Comments (0) | TrackBack (0)

Tuesday, March 08, 2005

eCommerce and content developments in brief

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Posted by David Jackson on March 8, 2005 at 08:20 AM in Sub-sector: Advertising, Sub-sector: Content, Sub-sector: E-finance, Sub-sector: E-tailing, ticker: AMZN, ticker: BFLY, ticker: BOFI, ticker: MACR, ticker: NTBK, ticker: YHOO | Permalink | Comments (0) | TrackBack (0)