DreamWorks Animation IPO Raises $812 Mln
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DreamWorks Animation SKG Inc.&#39;s initial public offering raised a more-than-expected $812 million on Wednesday in a deal that marked the
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DreamWorks Animation, creator of box-office smashes including Shrek and Shark Tale, has raised $812m (Â£444) from its floatation in New York.
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Katzenberg is taking the animation unit public in a year that has seen box office success for the studio: &quot;Shrek 2&quot; has brought in $876.
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NEW YORK (CBS.MW) -- DreamWorks Animation traded about 30 percent above its increased offering price as the creator of the hugely successful &quot;Shrek&quot; movies drew a warm reception on Wall Street on Thursday.
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Shark Tale, distributed by DreamWorks, topped the US box office and added $31.7 million to its receipts of $88 million, estimated boxofficemojo.
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&quot;Shark Tale&quot; is providing a boost to Dreamworks, which plans a $650 million initial share offering for its animation unit, Dreamworks Animation Inc.
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Spurred on by a large, green ogre, buoyed by a school of wise-cracking fish and with a podgy superhero helping its cause, DreamWorks Animation yesterday saw its share price rise by 41% on its first day of trading.
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Shares of DreamWorks Animation SKG (nyse: DWA - news - people ) were lower in extended hours trading after the animated film company said it will delay the release of Shrek 3. Dreamworks also announced third-quarter revenue of $241 million and pro forma
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TAIPEI/HONG KONG  - Chinese online game developer Giant Interactive Group Inc was set to begin marketing a U.S. initial public offering on Thursday worth roughly $700-$800 million, sources familiar with the deal said, joining a record-breaking capital-raising push by Internet firms.
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New stock on the block DreamWorks Animation (NYSE: DWA) would hardly qualify as a hidden gem. When it went public six weeks ago, raising $700 million, the stock went from its $28 IPO price to close at $38.75 a share.
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Shares in DreamWorks Animation SKG Inc., the producer of the Shrek movies, rose as much as 41 percent as investors bet the company can use $700 million of proceeds from its initial stock sale to challenge Pixar Animation Studios.
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DreamWorks, which created box office smash Shrek, raises $812m from its floatation on the New York Stock Exchange.
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NEW YORK, Oct 12  - DreamWorks Animation, which in the past decade has become one of the leaders in film animation, made a move toward going public Tuesday by filing estimated terms of its initial public offering (IPO).
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Star-struck Wall Street gave a  dazzling welcome to DreamWorks Animation SKG Inc. on Thursday,  sending the shares of the animated film maker up more than 38  percent in their market debut.
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LOS ANGELES: Animated film studio DreamWorks Animation SKG Inc reported on Wednesday a profit from a year-earlier loss in its first earnings period since the company went public in October.
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DreamWorks Animation SKG Inc.'s initial public offering raised a more-than-expected &#36;812 million on Wednesday in a deal that marked the first IPO by a major movie studio in seven years.
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Star-struck Wall Street gave a dazzling welcome to DreamWorks Animation SKG Inc. on Thursday, sending the shares of the animated film maker up more than 38 percent in their market debut.