IPO Preview: TIM W.E. SGPS, S.A.
By IPOdesktop: Based in Portugal, TIM W.E. SGPS, S.A. (TMWE) scheduled a $75 million with a market capitalization of $340 million at a price range mid-point of $5.50, for Thursday, May 10, 2012. [S-1]TMWE is one of 12 IPOs scheduled for the week of May 7 (Full IPO calendar here).Manager, Joint Managers: Credit Suisse; Citigroup.SUMMARY TMWE provides mobile monetization solutions to mobile carriers, media groups, governments, nongovernmental organizations brand owners and content owners. TMWE is one of the largest providers of mobile solutions in Latin America. TMWE is a global market participant with 25 local offices and offerings in more than 75 different countries.TMWE tried to IPO in August, 2011 at about double the current projected $340 million market cap. At that time the trailing 12 months P/E was 42, now it's 19.TMWE's main problem is that it looks like Google (GOOG), Apple (AAPL), Nokia (NOK), AOLComplete Story »