S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Investing

IPO FILING: Safety-Kleen HoldCo. (SK)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Safety-Kleen HoldCo. has submitted its IPO filing with the SEC today. The filing shows a maximum proposed offering price of $300 million, although this number is for filing purposes only.

The company has applied to trade on the New York Stock Exchange under the ticker “SK.” Underwriters for the transaction are listed as Merrill Lynch and JPMorgan.  An affiliate of JPMorgan will also be selling shares in the IPO.

Safety-Kleen is a leading provider of comprehensive environmental solutions such as providing used oil collection, re-refining and recycling, and parts cleaning services, containerized waste services, and vacuum services in North America. They have been in business for over 40 years and operate 75% of the re-refining capacity of used oil in North America. They are a market leader in their businesses, have a strong brand name, and recurring revenue stream from a wide, diverse customer base. They served 33,000 customers in 2007, including 420 of the top Fortune 500 companies, generating revenue of $1.1 billion and a net income of $4.5 million.

You can join our open email distribution list to hear about other IPO’s, SPAC’s, secondary offerings, special financings, and other special situations.

Jon C. Ogg
May 1, 2008

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Jon C. Ogg |

Safety-Kleen Going Public via IPO

Safety-Kleen Inc. looks like it will soon be public. The environmental services outfit has filed to sell up to $400…

Paul Ausick |

Clean Harbors Shares Jump on Acquisition

Environmental cleanup firm Clean Harbors Inc. (NYSE: CLH) announced on Monday that it has signed a definitive agreement to acquire…

Paul Ausick |

Clean Harbors Acquires Recycling Firm

Environmental cleanup firm Clean Harbors Inc. (NYSE: CLH) announced this morning that it has signed a definitive agreement to acquire…

Douglas A. McIntyre |

IPO FILING: Mistras Group, Inc.

A company by the name of Mistras Group, Inc. has just filed to come public via an SEC Filing.  The…

Schneider National Enters Market Quietly in IPO
Chris Lange |

Schneider National Enters Market Quietly in IPO

Schneider National entered the market relatively quietly in its initial public offering on Thursday.

Douglas A. McIntyre |

IPO FILING: Metastorm Inc. (MSTM)

A company called Metastorm, Inc. has just filed with the SEC to come public via an initial public offering.  It…

Chris Lange |

SunGard Files for IPO

Software company SunGard has filed with the U.S. Securities and Exchange Commission for its initial public offering (IPO).

Goldman Sachs Maintains Clean Harbors Neutral Recommendation
247patrick |

Goldman Sachs Maintains Clean Harbors Neutral Recommendation

Goldman Sachs has maintained coverage of Clean Harbors with a Neutral recommendation.

Keane Group Files for IPO
Chris Lange |

Keane Group Files for IPO

Keane Group has filed with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO).

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820