Stock of New York-Based Steakhouse Chain Falls Below IPO Price. (24-MAY-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Stock of New York-Based Steakhouse Chain Falls Below IPO Price.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 24-MAY-01

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Byline: Nancy Dillon

May 24--Investors skirted stakes in Smith & Wollensky Restaurant Group yesterday, pounding the stock lower in its Wall Street debut.

Shares of the Manhattan-based steakhouse chain sank as much as 12 percent from their initial offering price of $8.50 to $7.45 before ending the day at $7.77.

The 14-restaurant company, whose...

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