Verso Paper (VRS) IPO Trades Lower
More News related to VRS
- Verso Paper Corp. Provides $100,000 Grant to Expand FSC Forest Certification in the Northeastern United States
- Verso Paper Corp. Reports Strong Results for Second Quarter 2008
- Verso Paper Corp. to Announce Second Quarter Results and Host Conference Call on August 7
- Verso Paper Corp. (VRS) To Take Downtime at Bucksport Mill in Maine
- Verso Paper Corp. To Take Downtime at Bucksport Mill in Maine
More News related to IPOs
- Verizon Network Performs Well Under Hanna's Soaking
- Photos from Nintendo's Mystery Case Files: MillionHeir Event at Nintendo World Store in New York are Available on Business Wire's Web Site and AP PhotoExpress
- A Thoughtful Boyfriend and a Good Son Appear on ``The Big Spin(R)'' Show
- Ronald J. Riley / InventorEd - Largest Website for Inventors Sued by Internet Lawfirm
- Reigning Champ is Ready for the Countdown to One and Previews Inaugural Charlotte Race
The IPO for Verso Paper Corp. (NYSE: VRS) is open for trading. The stock is trading at $10.53, after pricing 14,000,000 shares at $12.00 per share, this was in-line with the lowered target (cut from $16-$18).
All of the shares are being sold by Verso Paper. In addition, Verso has granted the underwriters a 30-day option to purchase an additional 2,100,000 shares of common stock
Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. acted as joint bookrunning managers for the offering, and Deutsche Bank Securities Inc., J.P. Morgan Securities Inc., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated and Utendahl Capital Partners, L.P. acted as co-managers.
Based in Memphis, Tennessee, Verso Paper is a leading North American producer of coated papers, including coated groundwood and coated freesheet, and supercalendered products.
Related Categories
IPOsStocks Mentioned
-0.02Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
