BOSTON (04/27/2000) - AT&T Corp.'s Wireless Group initial public offering (IPO) was trading at slightly above the US$29.50 price per share set by AT&T during the morning today.
The share high reached $40 in early trading and then settled in at $31.43 per share just before 11 a.m., according to financial and stock market Internet sites. The share low was $29.90 during the first 90 minutes of trading.
AT&T issued 360 million shares of the tracking stock for today's IPO, expected to be one of the largest yet. But the IPO arrived during a difficult stretch for the market with the technology-heavy Nasdaq stock exchange recently taking a beating and affecting other exchanges. AT&T Wireless, trading under the symbol AWE, is on the New York Stock Exchange.
AT&T, Basking Ridge, New Jersey, can be reached at +1-908-221-2000 or http://www.att.com/.