That is what wall street values Crocs! After the recent CROX IPO, the trendy shoe maker Crocs is now valued at over $1,000,000,000. Congrats to George Boedecker, Donald Snyder, Lyndon Hanson, Bradley Stoffer, Richard Shapp, and all the other multi-millionaires over in Crocs land.
Formula for success = Unique material, Unique design, buzz, & a little luck.
Jim Cramer from CNBC’s Mad Money show voiced his take on the recent CROX IPO. He predicts a $35 target price. He sites the 57% margin, popularity, and lack of major competition.
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Crocs have raised thier initial IPO price from $13-$15 a share to $19-$20 a share. Crox is looking to be the first major IPO success of the new year. There are lots of people in the retail industry watching this one. Stay tuned as we watch what the street thinks about these hot, trendy, colorful shoes.
2 secrets to successful IPO: 1. Popular Trend & 2. Patented Technology. This however does not equate to long term success. My bet is Crocs will have a very successful time raising money from the IPO, expand their production capabilities, expand into other product lines, but never realize the hype put on them because as soon as something is a trend it is already out of style. Thoughts? Comments?
Crocs IPO Reading:
reuters.com
investors.com
thedenverchannel.com
Technorati Tags: crocs, ipo, crox
According to IPOHome.com CROX IPO is expected next week. The offering price range is as high as $15 a share with 9 million shares offered. It will be interesting to watch this one. The site also notes the company is up to 1126 employees. Can that be right? 1126 employees? That seems quite high for a company like this.
IPO Profile Expected Date Week of 2/6/06 IPO File Date 8/15/05 Price Range $13.00 – $15.00 Shares Offered 9.0 mm
