worker_bee
10-28-2004, 06:20 PM
Animation unit's IPO rises 39 percent in early trading as investors rush to grab a stake in Shrek.
NEW YORK (CNN/Money) - Shares of DreamWorks Animation SKG rocketed 39 percent to $39 in their first morning of trade Thursday. By midday, shares had eased a bit but still traded 34 percent higher.
The sale of 29 million DreamWorks shares at $28 each raised $812 million from investors eager to get a piece of the company responsible for such hits as "Shrek" and the recent blockbuster "Shark Tale."
http://money.cnn.com/2004/10/28/news/midcaps/dreamworks/index.htm?cnn=yes
NEW YORK (CNN/Money) - Shares of DreamWorks Animation SKG rocketed 39 percent to $39 in their first morning of trade Thursday. By midday, shares had eased a bit but still traded 34 percent higher.
The sale of 29 million DreamWorks shares at $28 each raised $812 million from investors eager to get a piece of the company responsible for such hits as "Shrek" and the recent blockbuster "Shark Tale."
http://money.cnn.com/2004/10/28/news/midcaps/dreamworks/index.htm?cnn=yes