YOU ARE AT:Archived ArticlesRIM scores $900M in public offering

RIM scores $900M in public offering

WATERLOO, Ontario-BlackBerry maker Research In Motion Ltd. said it scored $907 million in its recent public offering, with shares selling at $78.25 per share.

Lehman Brothers Inc. and Merrill Lynch & Co. ran the offering, and Goldman Sachs & Co., UBS Investment Bank, Banc of America Securities L.L.C., BMO Nesbitt Burns, CIBC World Markets, GMP Securities Ltd., Canaccord Capital Corp., National Bank Financial Inc., Orion Securities Inc., RBC Dominion Securities Inc., Scotia Capital Inc., SG Cowen Securities Corp. and TD Securities Inc. managed the offering.

RIM’s stock was trading down slightly after the news at about $85.95 per share. The company’s stock has been trending much higher since the company’s recent stellar earnings report, with highs of almost $88 per share.

ABOUT AUTHOR