Bare Escentuals (BARE) Stock Soars On Debut
Shares of cosmetics maker Bare Escentuals Inc. (BARE.O: Quote, Profile, Research) rose 32 percent in its market debut on Friday, a day after pricing above a forecast range.
The shares opened up 27 percent at $28 before rising as high as $29.10. Shares retreated to $28.00 in late morning trading on the Nasdaq.
The 16 million share offering raised $352 million Thursday, after pricing shares at $22 compared with a $15 to $17 forecast range.
The offering price gave the company an initial market capitalization of $1.9 billion.
Source: Reuters
The shares opened up 27 percent at $28 before rising as high as $29.10. Shares retreated to $28.00 in late morning trading on the Nasdaq.
The 16 million share offering raised $352 million Thursday, after pricing shares at $22 compared with a $15 to $17 forecast range.
The offering price gave the company an initial market capitalization of $1.9 billion.
Source: Reuters
posted by Stock Administrator @ 11:57 AM
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