Los Angeles – Shares of digital 3D cinema company RealD (NYSE: RLD) were
up 22% above their initial public offering (IPO) price on Friday, opening at
$19.55 before settling around $20, Reuters reported. The company priced 12.5
million shares at $16 per share for the IPO, which raised about $200 million —
instead of the 10.75 million shares at $13-$15 per share it had previously
planned.
J.P. Morgan Securities and Piper Jaffray acted as joint underwriters.
RealD’s technology has been installed on more than 5,000 of the 10,000 global
movie screens that have been equipped for digital 3D projection.
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