Blyth Inc. (BTH: Quote) announced Thursday morning that ViSalus has filed a registration statement on Form S-1 with the SEC for a potential initial public offering of its Class A common stock. Blyth said it will continue to own over 50% of ViSalus' common stock following the IPO.
Blyth gapped open dramatically higher Thursday, but gave back some of its gains in the first half of the morning. The stock ended the session higher by 6.27 at $43.36 on the highest volume of the year. Blyth closed challenging resistance at the highs of the year, trading at a 3 1/2 month high.
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by RTT Staff Writer
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