CDI Earns Record Quarterly Revenue Adidas Cuts FY '14 Outlook, FY '15 Targets A-B Credits World Cup For Helping Q2 Profits SMI Sees Slight Revenue Drop In Q2 Under Armour's Sales Up 34% In FY Q2 Carmelo Gets Into Venture-Capital Industry Financials Detail Importance Of ESPN To Disney Nike Sees Q4 Profit Rise 5% Based On Soccer PokerStars Owner Set To Sell Company For $4.9B Bauer To List Shares On NYSE Under New Name
Upcoming Conferences and Events
CART SET TO GO PUBLIC TODAY WITH SHARES PRICED AT $16
Published March 10, 1998
CART Inc. will begin public trading today under the symbol "OPW" when 4.7 million shares are offered in an IPO. Shares were priced at $16. CART said it plans to use the net proceeds from the IPO, expected to be more than $63M, to purchase the Indy Lights racing series and pay "certain obligations" to existing race teams. It will use the remaining proceeds for "working capital and other general corporate purpose, including funding future acquisitions and developing racing related businesses and properties" (CART).