Nov. 16, 2006 —Nymex Holdings Inc. will debut on Friday under the symbol NMX. The initial public offering is intended to raise more than $360 million, with shares debuting between $54 and $57 each. Nymex has raised expectations for the strike price from a range of $48 to $52 after reporting record earnings for the third quarter.
According to a press release, for the quarter ending Sept. 30, 2006, net revenues were $142.4 million, compared with $97.9 million n the same quarter last year, an increase of 45.5%.
Net income was $40.7 million, compared with $22.4 million in the same quarter last year, an increase of 81.7%.
Here are some resources for those actively watching Nymex’s debut as a publicly traded company:
Yahoo Finance IPO list: http://biz.yahoo.com/ipo/index.html
Nymex’s S-1: http://www.nymex.com/media/16800ACL.pdf
Nymex press releases: http://www.nymex.com/press_releas.aspx?archive=2006
