INITIAL PUBLIC OFFERINGS (IPO) PAPER Essay Example | Topics and Well Written Essays - 1000 words

INITIAL PUBLIC OFFERINGS (IPO) PAPER - Essay ExampleIt builds batteries for super indicator in cars, torches etc. It also makes batteries that atomic number 18 used in UPS. It provides appliances to run automotives such as cranes, passageway rollers etc. It is also a major supplier for aerospace and defense utilities. ENERSYS claims to be the largest industrial battery provider in the whole world(ENERSYS, 2005). It has built its customer base in over 100 countries over the historical hardly a(prenominal) years. It is the primary supplier in Motive power such as supplying power facilities to railway, Reserve Power such as batteries for cars. The company was previously known as Yuasa Inc, but it was acquired from a Japanese owner in 2000 and changed its name to ENERSYS Inc in 2001(Yahoo, 2012). ENERSYS Performance ENERSYSs current stock set is $ 33.85 and retrospectively looking, its stock price has fluctuated between the ranges of $ 22-35 over the past troika years(Yahoo, 2012 ). ENRSYS revenue was $ 1.92 one one thousand million million million in 2009, $ 1.58 trillion in 2010 and $ 1.96 billion in 2011. ENERSYSs net income was $ 81 million in 2009 it dropped to $ 62 million in 2010 and jumped up to $ 113 million in 2011. ENERSYSs total assets were $ 1.4 billion in 2009, $ 1.6 billion in 2010 and $ 1.8 billion in 2011. ENERSYSs total liabilities were $ 8.18 million in 2009, $ 8.67 million in 2010 and $ 8.49 million in 2011. ... ENERSYS experienced a slump in 2010 as its revenue was lower at $ 1.58 billion but it recovered and increase its revenue to $ 1.96 billion. Moreover, ENERSYS has increased its assets constantly over the three year achievement and it is mainly delinquent to success in operations which has earned positive net income and increase in owners contribution to the company. The shareholders have also contributed generously to the company as the companys objective of maximise shareholder wealth has constantly grown as Earning per share has increased over the past three years, and that despite increase in owners equity. This shows that the company meets the expectations of its owners. Reason for choosing ENERSYS ENERSYS has been chosen because it is a dominant energy equipment provider not only in America but all over the world. It is a global draw in providing electronic appliances and is the most well known brand in its industry. It is one of very few companies that have its headquarters in other continents such as Europe and Asia. ENERSYS has been chosen also due to the fact that its financials are pleasing to the eye as they have achieved tremendous success during the past disco biscuit and earns net income in millions. ENERSYS always meets its shareholders expectations which can be seen as there earnings per share are constantly growing over the past few years. ENERSYS Return on Equity has also increased from 8% in 2010 to 12% in 2011. ENERSYS IPO ENERSYS was formed as a result of an learning between Morga n Stanley Partners and Yuasa Inc in 2000. In 2001, it changed its name to ENERSYS. In 2002, it acquired the reserve power and motive business of ability Storage Group. ENERSYS