AVG IPO watch: The the latest documents submitted to the U.S. Securities and Exchange Commission (SEC) by the Dutch Internet security company AVG showing that AVG has set the IPO (initial public offering) price range at $16-18 per share. AVG said in the documents that it plans to issue approximately 8.00 million shares. Among the 8.00 million shares, AVG will sell out 4.00 million shares, the company’s shareholders will sell another 4.00 million shares. Read more about the latest AVG IPO price.
According to the AVG IPO application submitted last Friday, it will raise fund up to $125 million. AVG intends to trade on the New York Stock Exchange under the ticker symbol “AVG”. The leading underwriters of the AVG IPO will consist of JP Morgan Chase, Goldman Sachs, Morgan Stanley, Allen & Co, Cowen and Company and JMP Securities.
Over the first nine months expired on September 30, 2011, the AVG revenue reached $198.1 million with an increase of 24% year on year. Its profit was $66.8 million, up 200%. Read more about AVG revenue.
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