So I happened across some light reading this weekend and finally saw the IPO announcement.
You can find a little coverage in the Canadian Business online. Good for you Gary.
Some highlights are:
- Quarter ending April 30
- Sales = $25.3 Million (US)
- Profit = ($1.9 Million – US)
- Special Prefered Dividend = $3.4 Million (US)
- Expect to raise over $81 Million (US)
- $10 Million to pay down debt
- The rest to help grow the company
I went to confirm the information on Netezza’s site and only saw the issuance of the request to the NYSE. So it will be neat to see the prospectus when it comes out. when it does I will update it in my Teradata to Netezza comparison.
This is very interesting with the occurance of HP and their new product, Teradata separating from parent NCR. This will put both Netezza and Teradata somewhat more in play on a takeover front. Funnily though I did not see Teradata mentioned as a competitor in the Canadian Business article.
Update – David Kanter (thank you) was correct there is a full filing on the SEC site HERE,