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AMF BOWLING ROLLS A STRIKE ON NYSE UNDER PIN
Published November 5, 1997
VA-based AMF Bowling debuted on the NYSE yesterday under the symbol PIN, and finished up 11.5% for the day, according to Bob Rayner of the RICHMOND TIMES-DISPATCH. AMF opened at $19.50 per share but closed up $2.25 at $21.75. AMF President & CEO Doug Stanard said the company raised about $300M from the IPO after expenses. Standard: "This will allow us to pay down debt and continue to fund our bowling center acquisitions" (RICHMOND TIMES-DISPATCH, 11/5). CNN's Lou Dobbs reported that AMF raised $263M "on its big board debut" ("Moneyline," CNN, 11/4).