Haven’t done this in a long time.
I’m headed into New York City to cover our parent company’s initial public offering. We’ll be filing reports on the IPO at LIBN.com, as well as the Web sites of sister papers such as neworleanscitybusiness.com.
But for the next hour, I’ll be watching the gap, sitting next to commuters and avoiding physical contact with strangers. Then again, I notice the guy to my right is reading the latest and last Harry Potter book. Would it be strange if I snuggled up near him? Yeah, forget it.
Anyway, the news today isn’t my fear of mass transit or Harry; it’s the IPO – and here’s the skinny. Shares will open at $14.50 this morning, trading on the New York Stock Exchange under the ticker “DM.”
UPDATE: Shares are now trading at $17, which isn’t a bad opening day for the company’s shares. If you ever have an opportunity to stand on the floor of the New York Stock Exchange, do it. Though, I must admit, like most of the other members of the Dolan Media contingent, I wasn’t sure what was going on. Traders are screaming out various numbers, people on stools are glaring at hundreds of numbers on a computer screen and security guards are accosting people – me, mainly – for using a camera.
And then there’s a loud cheer where we’re all standing, because DM was finally officially trading.
Get down here sometime. Visit Alexander Hamilton’s grave and Trinity Church. Tap the Wall street bull. Eat down in Battery Park. You won’t be disappointed. It’s old New York, full of history.
Now it’s back to Ronkonkoma – and a fine view of MacArthur Airport.
