Search   Advanced Search
LATEST NEWS
 
 
News
 Latest Headlines
 Quick Facts
 Breaking News
 Top Stories
 Feature Articles
 Politics
 US Policy
 General
 Commodities
 Canadian
 UK
 Indian
 Wallstreet Events
 US Economic News
 European Economic News
 Asian Economic News
 All Economic News
 FX Top Stories
 Currency Alerts
 Mkt Sensitive News
 Politics
 European Mkt Updates
 Asian Mkt Updates
 Treasury Mkt Updates
 Pop
 Rock
 Classic Rock
 Rap/Hip-Hop
 Country
 Alternative
 Oldies
 Movie Reviews
 DVD Releases
 Box Office
 Slide Shows
 Business News
Commentary/Analysis
 Daily Market Analysis
 US Market Updates
 US Commentary
 Asian Commentary
 European Commentary
 Canadian Commentary
 Indian Commentary
 Sector/Market Trends
Stock Alerts
 Stocks To Watch
 Long Term Stocks
 Before the Bell
 $5 and Under
 After the Bell
 Intraday Updates
 IPOs
 Hot Stocks
Earnings Calendars
 Upcoming Earnings
 Latest Earnings
 Pos Pre Announcements
 Neg Pre Announcements
Corporate Calendars
 Stock Splits
 Stock Buybacks
 Dividends
 Conference Calls
 FDA Calendar
 Board Meetings
 Mergers & Acquisitions
Ratings Changes
 Upgrades
 Downgrades
 Coverage Initiations
 Coverage Reiterated
 All Videos
 Market Commentary
 Top Stories
 Economic News
 Political News
 Foreign Markets
 Corporate News
 Entertainment News
 Top Stories
 Earnings
 Mergers & Acquisitions
 Market Commentary
 Economic News
 IPOs and New Issues
 Corporate News
 Forex News
 Interviews
 Private Equity
Economic Calendar
RTT DeskAlert
  Trading Center
IPOs
Archipelago Learning Prices IPO Within Expected Range; Stock Soars - Update
11/20/2009 12:18 PM ET

RELATED NEWS
Archipelago Learning Prices IPO At $16.50/Share, Within Estimated $15-$17 Range - Quick Facts
TOP MARKET NEWS
Stocks Close Mostly Lower Amid Disappointing Quarterly Results - U.S. Commentary
Stocks Remain Stuck In The Red In Mid-Afternoon Trading - U.S Commentary
Stocks Posting Moderate Losses In Early Afternoon Trading - U.S. Commentary
New Guidelines Recommend Women Wait Until 21 For Cervical Cancer Screening
Stocks Seeing Further Downside In Late Morning Trading - U.S. Commentary
(RTTNews) -  Archipelago Learning Inc. (ARCL: News ) Friday said it has priced an initial public offering of 6.25 million shares of its common stock at $16.50 per share. The shares were expected to be priced between $15 and $17 per share.

The subscription-based online education company is offering about 3.12 million shares of its common stock, and the selling stockholders are offering about 3.12 million common shares in the initial public offering.

The selling stockholders have granted underwriters a 30-day option to purchase up to an additional 937,500 shares at the initial public offering price to cover over-allotments, if any. The company will not receive any of the proceeds from the sale of shares by the selling stockholders.

The closing of the offering is expected to take place on November 25.

Founded in 2000, the company is headquartered in Dallas, Texas. The company's core business, Study Island, provides standards-based instruction, practice, testing and other tools for students in Kindergarten through 12th grade.
The company also offers classroom and school website portals, digital lockers and teacher productivity tools through its TeacherWeb services and online postsecondary programs through its Northstar Learning product line.

The main stockholder of Archipelago is Providence Equity Partners, a private equity firm.

On its first day of trading, Archipelago's stock opened at $19 per share, which is above the IPO price of $16.50. The stock performed well in the market, gaining more than 15% in the intra-day trading.

ARCL is currently trading at $19.32, up $2.82 or 17.09% on a volume of 3.01 million shares.

To receive FREE breaking news email alerts for Archipelago Learning, Inc. and others in your portfolio


by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com

Email        Print        


More IPOs-US

132  GLG Life Tech Starts Trading On Nasdaq; Shares Down 13.7% - Update
131  Global Defense Technology Prices IPO At $13/Share, Below Prior Estimate - Update
130  Cloud Peak Energy Prices IPO At $15/shr - Update
129  7 Days Group Holdings Has Begun Trading - IPO Alert
128  7 Days Debuts On NYSE - Stocks To Watch
127  7 Days Group Holdings Prices IPO At US$11 Per ADS - Quick Facts
126  Rio Tinto's Cloud Peak Energy Prices IPO At $15/Share, Below Expected $16-$18 Per Share Range - Quick Facts
125  Global Defense Technology Prices IPO At $13/Share, Below Expected $14-$16 Per Share Range - Quick Facts 2
124  Global Defense Technology & Systems Prices IPO Of 4.6 Mln Common Shares At $13.00 Per Share - Quick Facts
123  Archipelago Learning Prices IPO At $16.50/Share, Within Estimated $15-$17 Range - Quick Facts
122  Cox And Kings IPO Closes Today, Subscribed 6.22 Times
121  HDFC Standard Life To Hit Capital Market Next Fiscal
120  Pinnacle Foods Agrees To Acquire Birds Eye Foods For $1.3 Bln - Update
119  QuinStreet Plans To Go Public
118  HealthPort Postpones IPO Citing Market Conditions
  

 

Copyright © 2009 RTTNews. All rights reserved. By using this site, you agree to the Terms of Service.

Feedback| Terms of Service | How To Use RTTNews.com| Advertise| Buy Content | RSS