Caesars Entertainment priced its public offering at $9 a share and the stock quickly shot up above $17 before settling near $15. The debt heavy casino with no operations in Macau, China is struggling to revive its revenues in the last four years.
Facebook, the social networking site filed to raise $5 billion in an initial public offering. The company generated $1 billion in net profit in 2011 and has been profitable with $3.7 billion in cash. The public offering is likely to be priced at least at $40 a share.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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