initial public offerings (IPOs) trading on American exchanges

Monday, August 1, 2011

IPOs this week (1 Aug 2011) : 4 companies scheduled


* Please read the note below:

Company
Symbol
Offer Date
Scale
Shares
American Capital Mortgage
MTGE
08/01/2011
$350
17.5
WageWorks, Inc.
WAGE
08/01/2011
$74.99999
5.76923
WhiteGlove Health
WGH
08/01/2011
$27.5
2.5
Midland States Bancorp, Inc.
MSBI
08/01/2011
$80
5


  • WhiteGlove delayed IPO for second time, now expects to price next week. It was originally scheduled to price last week, then this week, and has now been moved into next week.  The company, which provides private, membership-based medical services at members' workplaces or homes, is considered an add-on benefit targeted at self-insured employers and individuals. Its customers pay a monthly or annual fee, and individuals pay $35 per visit, in exchange for convenient access to basic primary care or certain chronic care issues.  The service, which relies on nurse practitioners to deliver care and doesn't cover specialists and diagnostics like ultrasound, takes care of illnesses like colds or earaches, as well as management of conditions like diabetes.  WhiteGlove claims that its services cut back on urgent care clinic and emergency room visits and cut absenteeism for workers.  The company has never been profitable and warns that it expects to continue to post significant operating losses as it expands from its current base of markets, five of which are in Texas.
  • 8/4 : WageWorks Inc., the provider of human-resources services for companies including Ford Motor Co., also postponed its initial public offering after U.S. stocks posted their biggest daily decline in more than two years.

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