This is kinda of interesting....with that 2.5M float.
If it gets beaten down after the first few weeks. Nice growth trend, interesting concept. Isreal as well.
MAIL
West
-- IncrediMAIL Ltd., a Tel Aviv, Israel-based provider of email software products for the consumer or home user markets, plans to price 2.5 million shares at $6 to $8 per share. The IPO is to start trading on Thursday, January 26.
For the nine months ending September 30, 2005, IncrediMAIL reported net income of $542,000 on revenue of $5.3 million, compared with net income of $2.6 million on revenue of $2.6 million for the same period a year ago.
Formed in 2000, IncrediMAIL has about 60 employees.
Underwriters: Maxim Group is the lead manager.
Selected Principal Shareholders: Balmore S.A. and Austost Anstalt Schaan
52-Week Percentage Change:
Dow Jones U.S. Software Index: up 4.05 percent
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