Dolan Media Co. Goes Public, Raises $195.1 Million in Ipo

Summary

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Shares of Dolan Media Co., the parent company of The Daily Record, got a strong start Thursday as the company's stock went public on the New York Stock Exchange.

Investor interest exceeded the Minnesota company's original expectations, and Dolan increased the size of its initial public offering by adding stock held by existing investors. The offering was priced at $14.50 per share and raised $195.1 million.

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Extract

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Dolan Media Co. Goes Public, Raises $195.1 Million in Ipo

"There was so much demand for the stock that we increased the size of the offering to nearly $200 million," President and CEO James P. Dolan wr...

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