Nexstar’s IPO Underwhelms - Broadcasting & Cable

Nexstar’s IPO Underwhelms

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Investors were unimpressed by Nexstar Broadcasting’s IPO price, but at least the deal got out the door.

Nexstar priced its Monday deal at $14 per share, the low end of the expected $14-$16 range. The shares fell to as low as $12.32 before rising to $13.65 by Wednesday morning.

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