MVCO ipo info:
These are the details of the IPO coming out at any moment:
"Revenue for Ready Mix, Inc. (RMI), the Company's wholly owned construction materials subsidiary, increased to $14.0 million for the fourth quarter of 2004 and $58.7 million for the year. This compares to revenue of $11.0 million for the fourth quarter of 2003 and $44.0 million for the year. Gross margin was 12.5% for the fourth quarter of 2004 and 11.3% for the year. This compares to gross margin of 9.0% and 9.3% for comparable periods of 2003.
On February 11, 2005, Ready Mix, Inc. filed a registration statement with the Securities and Exchange Commission for the initial public offering of 1,000,000 shares of RMI common stock at a proposed offering price of $12.00 per share. The shares will be offered on a firm commitment basis through Wunderlich Securities, Memphis, Tenn. Subsequent to the offering, Meadow Valley will own 1,500,000 shares of RMI common stock, or 60% of the total shares of RMI outstanding. Proceeds from the initial public offering, which is expected in the second quarter of 2005, will be used by RMI for the purchase of plant and equipment, repayment of approximately $2.7 million of debt to Meadow Valley, and working capital."
Kipp
