<< Read Full Article
<< Read Full Article
iPayment IPO Finally Prices
Updated from 8:01 a.m. EDT
The first U.S. IPO in two months came kicking and screaming to market Monday when transaction processor iPayment(IPMT Quote) priced 5 million shares at $16 each in an offering led by Bear Stearns.
The shares opened at $20.20 on the Nasdaq.
The pricing caps a harrowing four days for both iPayment, Bear Stearns and the entire initial-offering market. All three were hurt when the deal was nearly scuttled Friday after it came to light that a Bear Stearns analyst appeared in a promotional film praising the company and stock. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet