|
|
Article: Verisk Analytics IPO soars in trading debut
- Article from:
- AP Online
- Article date:
- October 7, 2009
- Author:
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
Shares of Verisk Analytics Inc., an insurance data specialist that first signaled that it planned to offer shares to the public shortly before the collapse of Lehman Brothers, soared Wednesday in their trading debut.
The Jersey City, N.J., company, whose selling stockholders include insurance giants American International Group and Hartford Financial Services Group Inc. raised $1.9 billion from selling 85.3 million shares at $22 each, more than the $19 to $21 per share range that had been expected. The shares rose $5.12, or 23 percent, to $27.15 in late morning trading.
The IPO market has been heating up recently after taking a big hit in 2008 amid trouble in the financial ...