CBS Outdoor IPO is the Best Offering Performance This Week

CBS Outdoor IPO trades higher on its first day as a public company.
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CBS Outdoor went public on Friday and was the best performing offering of the day. CEO Jeremy Male told TheStreet's Debra Borchardt that he's excited for the future as a stand alone company. He anticipates acquisitions since the sector is fragmented and it won't have the limitations of its parent company. He does not foresee any restrictions on digital advertising that could hurt the company. The stock was priced at $28 and opened at $30.10 on its first day of trading.

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