Major mover: Dolan Media Company (DM) jumps in debut

Posted Aug 2nd 2007 3:12PM by Tracy Lapa
Filed under: Major Movement, Initial Public Offerings

Dolan Media Company (NYSE: DM) saw a staggering surge of more than 20% in its market debut Thursday. Shortly before 3:30 p.m., Dolan shares were fetching $17.55, gaining more than $3 from its $14.50 offering price and beating expectations that topped out at $15.50. The offering totaled 13.5 million shares, 3 million more shares than expected.

Dolan Media Company is a Minneapolis- based business news publisher operating numerous print and online publications circulating mainly throughout the East Coast and Midwest . The company also provides many different business services for law firms, financial and real estate markets. Dolan Media was founded in 1992 by Jim Dolan and Cherry Tree Investments.

Tags: DM, Dolan Media, DolanMedia, IPO