IPO Preview: Allison Transmission
By IPOdesktop: Based in Indianapolis, Indiana, Allison Transmission Holdings (ALSN) scheduled a $500 million IPO with a market capitalization of $4.2 billion at a price range mid-point of $23 for Thursday, March 15, 2012. ALSN is one of four IPOs scheduled for this week (see our IPO calendar) with five more scheduled next following week, and three (so far) for the following week.
SUMMARY
ALSN builds automatic transmissions for commercial-duty vehicles. It was bought from General Motors in August 2007 by the private equity firms of Carlyle and Ones. It appears to us that ALSN will become an almost instant institutional favorite. We sat through the entire 45 minute road show presentation and found all of it interesting, which is highly unusual for us. We like ALSN because is has a dominate market share, advanced technology with much more technology in process, branding even to the end user (through OEMs), is tightlyComplete Story »
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