MARKET PLACE DreamWorks Animation Raises $812 Million
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RIDING the success of back-to-back animated hits, the entertainment company DreamWorks priced shares for its animation unit above the anticipated level, raising $812 million in an initial public offering yesterday.
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Animation unit&#39;s IPO up 39% in early trading as investors rush to grab a stake in Shrek. The sale of 29 million DreamWorks shares at $28 each raised $812 million from investors eager to get a piece of the
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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 of DreamWorks Animation SKG Inc. jumped in their market debut on Thursday after the animated film maker's initial public offering raised a higher-than-expected &#36;812 million.
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DreamWorks Animation SKG on Tuesday set its planned initial public offering of stock at 29 million common shares at an estimated price of $23 to $25 per share.
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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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DreamWorks Animation, which in the past decade has become one of the leaders in film animation, made a move toward going public by filing estimated terms of its initial public offering (IPO).
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The toy company's stock was up 82% today after a great Christmas.
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Buoyed by the smash box office successes of Shrek 2 and Shark Tale, DreamWorks Animation is planning to go public with a share sale which is expected to raise as much as $650m (Â£364m).
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Shares in DreamWorks Animation, the studio behind the hit films &quot;Shrek 2&quot; and &quot;Shark Tale,&quot; gained 38.4 percent on Thursday, their first day of trading.
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LOS ANGELES - DreamWorks Animation Inc., the film studio behind &quot;Shrek&quot; and &quot;Shark Tales,&quot; went public Thursday on Wall Street, and its new stock immediately shot up 36 percent.
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Impeccably timed to take full advantage of the success of &quot;Shark Tale,&quot; the initial public offering of DreamWorks Animation SKG went off swimmingly Thursday, floating 38% higher in its first day of trading.
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CHICAGO (CBS.MW) -- Shares of The Children&#39;s Place Retail Stores Inc. jumped as much as 20 percent Wednesday as investors embraced the retailer&#39;s plans to own the Disney Stores and a piece of such iconic characters as Mickey Mouse and Donald Duck.
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THE company behind animated hits such as Shark Tale and Shrek has made initial moves towards a public offering which could be worth up to $US700m ($960m).
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DreamWorks Animation SKG Inc. will find out this week if box office success can be turned into Wall Street cash in a widely anticipated initial public offering that could raise up to &#36;725 million.
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The animated comedy took in $31.7 million to hold the No. 1 spot for a second straight weekend. Billy Bob Thornton&#39;s &quot;Friday Night Lights&quot; opened in second place with $20.
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Shares in DreamWorks Animation surged as much 41 percent on their first day of trading Thursday as investors bet that the producer of computer-animated movies could use cash from its initial stock sale to challenge Pixar Animation Studios and Walt Disney.