SFX Entertainment Begins Trading After Raising $260 Million Ahead Of IPO Debut
October 9, 2013 at 7:07 AM (PT)
ROBERT F.X. SILLERMAN's SFX ENTERTAINMENT, which began trading today on the NASDAQ STOCK MARKET under the symbol SFXE, has priced its initial public offering at $13 a share. The two-year old Electronic Dance Music business is reportedly valued at more than $1 billion and raised $260 million before heading to WALL STREET.
SFX sold more than 20 million shares ahead of going public, instead of the projected 16.7 million shares (NET NEWS 6/27).