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Online video games maker Changyou.com successfully completed its initial public offering yesterday, and closed up 25 percent in its trading debut. Reuters reports that the company, whose ADRs are now traded on Nasdaq, had the most successful stock launch in nearly a year, and was only the third IPO in the U.S. since August 2008. […]
Bucking the generally weak IPO market, Rosetta Stone, an Arlington, Virginia-based language instruction company, plans to hold an initial public offering later this month which would be the first venture-capital-based IPO in six months. The Washington Post reports that Rosetta Stone will seek to raise as much as $106.3 million by offering 6.25 million shares […]
Let’s hear it for Mead Johnson Nutrition Co. (MJN), the world’s biggest maker of infant formula, which raised $720 million in an initial public offering yesterday. Bloomberg reports that the IPO is the first in the U.S. since November 2008. Mead Johnson stated that it sold 30 million shares at $24 each, at the top […]
Grand Canyon Education (LOPE), a Christian university based in Arizona (and our Warrior Stock of the Day on November 10) defied a brutal IPO market and raised $126 million on Wednesday night in the first initial public offering in the US since August 2008. The Financial Times reports that the $126 million was about half […]
We’ve been on the lookout for another Warrior Stock of the Day ever since first bestowing that title to the Wm. Wrigley Jr. Company back in October. Although technically not a stock (yet), the latest recipient of our WSD award is Grand Canyon Education,* which the WSJ reports will attempt to defy an abysmal IPO […]
While 1,681 NYSE-traded stocks were hitting 52-week lows today, one lonely stock hit a 52-week high: Wm. Wrigley Jr. Company (WWY), which had the good fortune to announce today that it had “completed its merger transaction with Mars, Incorporated. As a result, Wrigley will become a subsidiary of privately held Mars, Incorporated. Under the terms […]