Friday, July 16, 2010
RealD Surges In Debut
Los Angeles-based RealD, the developer of 3D movie projection technology, surged in trading this morning on the NYSE after its IPO. In morning trading, the firm's stock was trading at around $19.70 per share, after surging as much as 31 percent--as high as $21.00 per share--on open. RealD debuted at $16.00, selling 12.5 million shares of its stock.