Nexstar’s IPO Underwhelms
By John M. Higgins published
Investors were unimpressed by Nexstar Broadcasting’s IPO price, but at least the deal got out the door.
Nexstar priced its Monday deal at $14 per share, the low end of the expected $14-$16 range. The shares fell to as low as $12.32 before rising to $13.65 by Wednesday morning.
Broadcasting & Cable Newsletter
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.