Under Armour IPO

Under Armour has experienced average annual sales growth of more than 300 percent in its short history making the company the second fastest-growing company in the U.S.A.

Under Armour offered shares the beginning of November, 2005 to the public. The price for a share in the beginning was $9.50 and just before opening bids began, the price was raised to $12. The offerings sold for $13 for a share.

During the opening trade, this $13 went up to a whopping $31, which was a 138.5% gain. The stock rose more to 207.7% gain at $40. It did however slide back down to around $25 per share.

It is estimated that Under Armour will have 46.4 million shares outstanding. As time goes on, the belief is that the price of this company’s shares will increase to about 28 times its initial offering and around 56 times its current price.

If you compare Under Armour to its competitors such as Nike and Reebok, you will see that their earnings have a net income figure of 59.9% and 77.1% while Under Armour has managed 104%.

Tags: Performance Apparel