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View Full Version : USATODAY:DreamWorks Animation sets IPO at $28


RobertoOrtiz
10-28-2004, 03:15 PM
Quotes:
"The generally jovial ogre Shrek might have enchanted moviegoers, but investors are even more interested in shares of the character's creator: DreamWorks Animation (DWA) (http://stocks.usatoday.com/custom/usatoday-com/html-quote.asp?symb=DWA).

DreamWorks Animation, whose founders are as famous as its characters, priced its initial public offering late Wednesday at $28 a share — an even higher price than the $23-to-$25 range the company initially forecast.

DreamWorks Animations' owners, which include Jeffrey Katzenberg, David Geffen, Steven Spielberg, Microsoft co-founder Paul Allen and Microsoft itself, are the biggest winners and stand to make millions. Shares held by Katzenberg, Geffen and Spielberg were worth $190 million each at the IPO price. Allen's stake is worth $1 billion. "

>>Link<< (http://www.usatoday.com/money/media/2004-10-27-dreamworks_x.htm)

-R

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