UPG (ipo spinoff from ZNCM ) shows up for quotes now, but not trading yet.
11:09 UPG Universal Power IPO prices at low end of range; small IPO (7.00 )
Universal Power (UPG) prices its IPO at $7, at the low end of the expected $7-9 range. The co is 1) a third-party logistics company specializing in supply chain management and 2) a supplier of portable power supply products, such as batteries (battery chargers, jump starters), and security system components (alarm panels, access controls, horns, sirens, speakers)etc. Its supply chain services include inventory sourcing, procurement, warehousing, distribution etc. The co's largest customer is Brink's Home Security. UPG is profitable and reported revs of $68 mln for the 9 mos ended Sep 30, up 13% yr/yr. This is small deal at 3 mln shares and a $35 mln market cap. It is being led by Ladenburg Thalman and Wunderlich Securities. (IPOXX)
Paul Litman: "Avoid panic selling & avoid overconfident buying."
