Cramer’s Playbook on the Switch & Data IPO
On CNBC’s MAD MONEY tonight, Cramer wanted to preview an IPO you’ll hear about for all next week. This is Switch & Data that will trade under SDXC on NASDAQ. SDXC is a network neutral co-location services provider and is…
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On CNBC’s MAD MONEY tonight, Cramer wanted to preview an IPO you’ll hear about for all next week. This is Switch & Data that will trade under SDXC on NASDAQ. SDXC is a network neutral co-location services provider and is the infrastructure builder for your broadband provider. Its Underwriters are Deutsche Bank Securities, Jefferies & Co., CIBC World Markets, Lazard Capital Markets, Raymond James, RBC Capital Markets and Merriman Curhan Ford & Co. GOOG YHOO LVLT AKAM are some of its customers. Equinix (EQIX) is a competitor and it doubled last year, so this is one everyone wants.
It is expected $14.00 to $16.00 and Cramer thinks it will get a premium pricing, he says you can buy it up to $20.00 and you sell it over $24.00. But he says it would have to go to $28.00 before it has the same valuation ratios that EQIX has.
Some active traders aren’t going to be too happy that he just touted this name and gave a game plan on it.
Jon C. Ogg
February 2, 2007
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