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I have it up on screen,thanks bro

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loniee   Thursday, 01/21/10 11:11:03 AM
Re: JohnnyWinter post# 2786
Post # of 2881 
I have it up on screen,thanks bro
what do you think is going to happen with the SYA IPO tomorrow?



IPO News


IPO News Archive
Symetra Financial highlighted as Renaissance Capital's Featured IPO
1/19/10


Symetra Financial, which provides group health, retirement, life and employee benefits insurance, has been selected as Renaissance Capital's Featured IPO. Based in Bellevue, WA and backed by well-respected insurer White Mountains and investment company Berkshire Hathaway, Symetra Financial is one of six US IPOs that are scheduled to price this week.

The company plans to raise $351 million by offering 27 million shares at a price range of $12-$14; at the mid-point of the proposed range, it will command a market value of $1.5 billion. Symetra Financial, which was founded in 1957, booked $1.5 billion in sales over the last 12 months. BofA Merrill Lynch, J.P. Morgan, and Goldman Sachs are the lead underwriters on the deal.

Please read our full IPO Commentary.

View IPO Profile: SYA
......................
Thursday 01/21/2010 10:27 AM ET - MorningNotes
27,000,000 shares @ $12 - 14 Managers: BofA Merrill Lynch, JPMorgan, Goldman, Sachs & Co., Barclays Capital People keep asking us, "why do you like this deal?". Easy, Symetra is a 50 year old insurance company that weathered the financial crisis very well while many other insurers got hammered. BRK owns 26%. Warren Buffett is not a seller.
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$21 bill in assets also
................
only the big boys can get in on thye IPO but sure will be watching as it hits the market

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