ARLINGTON, Va.-Omnipoint Corp. announced the successful completion of its initial public offering of common stock shares that began trading on the Nasdaq National Market on Jan. 26.
Omnipoint said the initial offering of 5 million shares with a per share price between $13 and $15 was increased to 7 million shares, and ultimately was priced at $16 per share.
In addition, Omnipoint said the underwriters exercised their option to purchase an additional 1.1 million shares resulting in a total issuance of 8.1 million shares, raising $119.8 million after deducting underwriting discounts and commissions.
