Multex.com, which distributes Wall
Street research reports on more than 15,000 companies, raised $42 million
in an initial stock sale. The company sold 3 million shares at 14 each, or
1 more than the 11 to 13 range set by underwriter BancBoston Robertson
Stephens. The shares amount to a 14 percent stake in the company and give
it a market value of $295.6 million.
Short Take: Multex.com raises $42 million in IPO
Multex.com, which distributes Wall Street research reports on more than 15,000 companies, raised $42 million in an initial stock sale. The company sold 3 million shares at 14 each, or 1 more than the 11 to 13 range set by underwriter BancBoston Robertson Stephens. The shares amount to a 14 percent stake in the company and give it a market value of $295.6 million.
Discuss: Short Take: Multex.com raises $42 million in IPO
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