Wednesday, February 16, 2005

Wright Express IPO prices below expected range



Wright Express Corp.'s initial public offering priced below the expected range late Tuesday.

The Cendant Corp. (CD: news, chart, profile) spin-off's IPO of 40 million shares priced at $18 late Tuesday, raising $720 million.

The pricing came in below the expected $19 to $21 range.

View their S-1

[CBS Marketwatch]

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