Redbox has issued a press release telling of their intention to file an IPO. They will file their registration statement sometime this quarter, 2Q08.
Text from the press release as follows:
OAKBROOK TERRACE, Ill.–(BUSINESS WIRE)–Redbox Automated Retail, LLC, which provides a fully automated DVD rental system featuring new release rentals for $1 per night, today announced that it intends to file a registration statement for an initial public offering of common stock, subject to market conditions. Redbox expects to file the registration statement with the Securities and Exchange Commission during the second quarter of 2008.
So, do you think Redbox will be successful with this move? Will you buy Redbox stock?