Telecom IPO Maintains Asking Price. (29-MAR-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Telecom IPO Maintains Asking Price.

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

Publication Date: 29-MAR-01

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Byline: Nancy Dillon

Mar. 29--Shares of Lucent spin-off Agere Systems managed to hang on above their twice-slashed $6 IPO price yesterday, a feat that astonished many telecom industry insiders.

"I was no fan of the offering prior to it going public, so I didn't expect the deal to spend very much time above the issue price,"...

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