Townsquare Media IPO Price $11 Per Share
Closed At $10.25 A Share
July 24, 2014 at 11:11 AM (PT)
TOWNSQUARE MEDIA's initial public offering was priced at $11 per share for 8,333,333 shares of Class A common stock, began trading TODAY (7/24) on the NEW YORK STOCK EXCHANGE under the symbol TSQ; the offering is scheduled to close on JULY 29th.
The stock sold at below the opening price all day.
It hoped to raise $125 million. Here is how it went:
Open at 10.50
Low of 10.22
High of 10.84
Closed at 10.25
The offering's underwriters have been granted a 30-day option to purchase up to an additional 1,250,000 shares at the IPO price less underwriting discounts and commissions to cover over-allotments, if any.
BOFA MERRILL LYNCH, JEFFERIES, RBC CAPITAL MARKETS, GUGGENHEIM SECURITIES and MACQUARIE CAPITAL are serving as joint bookrunning managers.