“The handheld device company, which is expected to begin trading
tomorrow under the ticker “PALM,” raised $874 million through the
IPO, excluding underwriting fees and other costs. That makes it the
third-largest technology IPO ever.”
“Palm also may raise another $131 million–putting the value of
the IPO at more than $1 billion–if it sells an additional 3.45
million shares to the underwriters to cover over-allotments.”
“Earlier this week, Palm essentially doubled its pricing range
to $30 to $32 a share from its initial range of $14 to $16 a share.
That placed Palm among a small group of companies whose IPOs
garnered enough interest to take such a bold step. VA Linux, the
top first-day gainer of all time, also had doubled its range as it
prepared to debut. VA’s initial gain, however, has
subsided.”