In Brief: Donna Karan public offering
This article was originally published in The Rose Sheet
Donna Karan public offering: DK closes at 28, (down 1-3/4) with trading volume of 7.7 mil. on its first day of trading, June 28. Excluding the underwriters' overallotment, Donna Karan's public offering netted $302.4 mil. on an offering of 10.8 mil. shares -- over half the company. In an amended IPO prospectus filed May 28, the company had originally expected to raise $213 mil. at $23 per share ("The Rose Sheet" June 10, p. 6)...
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