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Check out this holdings company. Already large investing firm are taking an eye.
Markets Stocks Funds Bonds ETFs Delek U.S. gains in latest energy-sector IPO DynCorp prices at bottom of range
By Steve Gelsi, MarketWatch Last Update: 5/4/2006 2:51:00 PM Data provided by
NEW YORK (MarketWatch) -- Delek U.S. Holdings shares rose Thursday as investors favored the firm's energy offering to the day's other IPO, government service contractor DynCorp International.
The IPO from Delek U.S. Holdings Inc. (DK) priced at $16 a share, marking the top of its $14-to-$16 range. The stock opened at $16.11 and rose to $16.53 in recent action.
The Franklin, Tenn.-based petroleum refining, supply and retail marketing company raised $160 million by offering 10 million shares with Lehman Brothers, Citigroup Global Markets, Credit Suisse Securities and HSBC.
The U.S. unit of Israel-based Delek Group Ltd. runs 349 retail gas and convenience-store businesses in Mississippi, Alabama, Tennessee and Virginia as well as a refinery in Texas.
The company said it expects to report first-quarter operating income of $21 million to $25 million, up from $2.2 million last year.
Tell me what you think about this one, i've been in for 5% already.
Posts: 116 | From: SLC | Registered: Apr 2006
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