Dick's Sporting Goods completes initial public offering
Pittsburgh-based retailer Dick's Sporting Goods Inc. has completed its initial public offering (IPO) of 8.4 million shares. The company, which operates 134 stores in 24 states, originally filed for an IPO in July, but delayed going public several times as it waited for a settling point in the temperamental
financial markets. The retailer went public Oct. 16 at $12 per share, selling 2.8 million shares in the offering. Existing shareholders sold 5.6 million shares, and another 1.1 million were allocated to the offering's underwriters.
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