Intrepid Potash IPO a Success

Agri-business in the United States is booming.  Note the success of the Intrepid Potash IPO in the United States yesterday. Shares of the pure-play agricultural nutrient producer, Intrepid Potash, Inc., began trading yesterday on the NYSE.  The 30 million-share IPO sold for $32 per share.  At $32 per-share, the IPO price was $3 above the top of the $27 to $29 anticipated pricing range. The offering was recently increased from 24 million shares and had an estimated price of $24 to $26 per share.  Intrepid stock rose over 50% or  $15, to $47 per-share, giving the company a $3.6 billion market cap.  There is money out there, waiting.