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Industry: Email Alert RSS FeedGameStop in play following IPO - Market Watch - Barnes & Noble's video game store subsidiary - Brief Article - Statistical Data Included
DSN Retailing Today, Feb 25, 2002
GRAPEVINE, TEXAS -- Barnes & Noble raised approximately $300 million on Feb. 13 through an initial public stock offering of its GameStop subsidiary Roughly 18 million shares were offered at $18 per share. They closed at $20.10 in first-day trading. Barnes & Noble still owns about 66% of GameStop's common stock, but controls 95% of the company's voting power because it retained 100% ownership of GameStop's Class B common stock.
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The company operates 1,038 stores under the names GameStop, Babbage's, Software Etc. and FuncoLand and plans to open another 150 to 200 units this year.
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COPYRIGHT 2002 Gale Group
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