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Under Armour (UARM)

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Last Post: 1/31/2017 5:11:40 PM - Followers: 0 - Board type: Free - Posts Today: 0

That is when the fast-growing Baltimore sports apparel company will finally launch its initial public offering, selling about 12 million shares on the Nasdaq Stock Market for an estimated $7.50 to $9.50 a share. A calendar on the Nasdaq Web site lists Nov. 17 as Under Armour's expected IPO date; its stock will trade on the exchange under a "UARM" ticker symbol. Goldman, Sachs & Co. is leading the offering. Wall Street analysts are predicting a favorable reception for the company, best known for its moisture-wicking performance gear and "Protect This House" advertising campaign. Under Armour (NASDAQ: UARM) will pay off debt, expand into new retail stores and develop new products with the more than $72 million it plans to raise in its IPO. Football cleats are among the new products the company plans to launch, its first foray into the footwear market and a direct challenge to dominant sports apparel giant Nike. Under Armour will offer 9.5 million shares of Class A stock and 2.5 million shares from current stockholders. Along with its trademark performance apparel clothing, Under Armour is eyeing apparel for what it calls "off-field outdoor sports," including hunting, fishing, running, mountain sports, skiing and golf. "We believe that our products will appeal to athletes and consumers with active lifestyles around the globe," the company said in a recent amendment to its S-1 filed with the Securities and Exchange Commission. Under Armour products are carried in 8,000 retail stores, up from 500 stores in 2000. Sales for the 12 months ended Sept. 30 topped $263 million, according to its filing. Under Armour CEO Kevin Plank will own 15.2 million shares of Class B stock, which carry 10 votes per share. With his Class B holdings and the 10 votes each share of that stock carries, Plank will control 83 percent of the voting power of the company's common stock, according to the recent filing. Financial experts say such dual-class structures hold down a stock's value but enable the founders to lock in a controlling interest in the company even after it goes public. Investors give up some voting power but get a stock that's cheaper to buy. Under the terms of the company's offering, the Class B stock could only be held by Plank, his family and entities controlled by them, such as trusts for Plank's children.
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#53   I think as Under Armour shareholders, we should LuvSilk 01/31/17 05:11:39 PM
#52   I think its time to sell! johnatlanta1234 08/11/12 06:48:20 PM
#51   filled up on uarm option strike price 40... DumbAnimal 07/11/06 03:11:51 PM
#50   OT: IVDN seems like a baby UARM in super_coupe88 03/16/06 09:42:11 AM
#49   upcoming IPO's of interest to me eastunder 02/09/06 09:40:25 AM
#48   I have owned a pair of Crocs for sirotka3 02/08/06 01:46:42 PM
#47   in my opinion, the recent down trend is vip1999 02/08/06 12:56:18 PM
#46   down again sirotka3 02/08/06 10:28:03 AM
#45   Wow. How is that for shocking? Loved the eastunder 02/07/06 04:40:27 PM
#44   Personally, I do. Especially if I am looking eastunder 02/07/06 11:09:41 AM
#43   So you think it's a no brainer buy sirotka3 02/07/06 10:51:57 AM
#42   That puts UARM in an oversold position. A eastunder 02/07/06 10:30:35 AM
#41   http://biz.yahoo.com/prnews/060207/nytu065a.html?.v=1 sirotka3 02/07/06 08:06:29 AM
#40   We broke $40 sirotka3 01/30/06 01:39:13 PM
#39   and don't forget casual wear. People are missing eastunder 01/19/06 02:42:31 PM
#38   I think it's going to kick butt on sirotka3 01/19/06 02:30:35 PM
#37   Your welcome, but it was just a guess eastunder 01/18/06 11:06:33 AM
#36   wow!!! That was accurate calculation. Thanks. papuma 01/18/06 09:59:56 AM
#35   nine day @ 36.59 eastunder 01/17/06 10:59:43 AM
#34   That's unusual for my chart posting to work. LOL eastunder 01/12/06 12:12:55 AM
#33   http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=uarm,uu[m,a]daclyyay[pb9!b14][v eastunder 01/11/06 11:50:40 PM
#32   What do you guys think are we going coolnwo 01/11/06 09:58:57 PM
#31   Well that looks better. eastunder 01/05/06 12:59:45 PM
#30   We have touched the 14 day moving average eastunder 01/05/06 12:11:09 AM
#29   Sorry. I have a horrible problem posting charts. eastunder 01/03/06 04:29:35 PM
#28   Well, we have almost touched the nine day, eastunder 01/03/06 04:27:04 PM
#27   Chart wise...IMHO...we filled that open gap today which eastunder 01/03/06 10:55:42 AM
#26   I wish I could answer that but I eastunder 01/03/06 10:14:34 AM
#25   I am still learning the whole options market... sirotka3 01/02/06 10:18:10 PM
#24   Schaeffer's Daily Market Blog Features Learning Tree International, eastunder 12/30/05 09:05:42 PM
#23   I never actually saw what Cramer had to eastunder 12/29/05 05:56:42 PM
#22   Cramer mentioned the IPO on his show a sirotka3 12/29/05 02:12:38 PM
#21   Agree. We have other things to consider. Like eastunder 12/29/05 12:35:33 PM
#20   we are near 40... sirotka3 12/29/05 09:59:14 AM
#19   I bought back in @ 22.53 and am JEMFinance 12/28/05 04:28:05 PM
#18   I have thought about it, but I would eastunder 12/28/05 01:01:06 PM
#17   anyone consider selling into the strength? we are sirotka3 12/28/05 12:07:54 PM
#16   Wiseman, Did you ever decided to buy the stock? eastunder 12/27/05 11:07:29 AM
#15   eastunder- thanks for the link on some news Wiseman68 11/19/05 04:43:45 PM
#14   http://aolsvc.news.aol.com/business/article.adp?id=20051118165709990007 Under Armour Posts Gains eastunder 11/19/05 11:47:08 AM
#13   http://www.thestreet.com Under Armour's Jacked Up eastunder 11/19/05 11:44:48 AM
#12   http://aol.fool.com Under Armour Over the Top eastunder 11/19/05 11:41:29 AM
#11   wiseman, Don't know if you enter Ihub thru Knobias, eastunder 11/19/05 11:36:57 AM
#10   anybody with any dd here that i can Wiseman68 11/18/05 07:45:11 PM
#9   An intraday chart would answer that specifically, now eastunder 11/18/05 02:21:33 PM
#8   Can't answer that specifically. First trade I saw eastunder 11/18/05 02:11:47 PM
#7   I know the ipo was priced at $13/share The_Pink_Lawyer 11/18/05 01:32:11 PM
#6   I think he's probably correct, but I went eastunder 11/18/05 12:39:21 PM
#5   Got a call back about 15 min ago. JEMFinance 11/18/05 12:06:15 PM
#4   Just got a call from him, I'm in JEMFinance 11/18/05 11:11:46 AM