WALL STREET MUGGER
WALL STREET MUGGER
It’s a funny stock market as Software Technologies Corp. can testify. STC raised more than $63 million in its initial public stock offering of 4.6 million shares, after reducing the size of the offering and cutting the price to $12 from an estimated $16-$18.
The number of shares in the offering was reduced to 4 million because of the "choppy stock market", noted STC’s chief financial officer, Barry Plaga. Underwriters still exercised their right to sell 600,000 additional shares under the Green
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