“Shares of DreamWorks Animation SKG made their Wall Street debut today to rave reviews from investors, who sent shares of the producer of “Shrek 2” and “Shark Tale” soaring at the opening bell.” according to Josh Friedman and Jesus Sanchez of the LA Times. “The stock of the Glendale, Calif.-based animation house began trading on the New York Stock Exchange at $38 a share — $10 or about 38% more than the $28 initial offering price set Wednesday. In later trading, DreamWorks shares had slipped below $37.”
So all those folks who watched IPO Fatigue? Watch PDI” last August, where ExecProducer CEO William Jolitz called it right with PDI/Dreamworks should be laughing all the way to the bank today. Oh, and if you missed it, you can still see what you didn’t know about at William Jolitz on ExecProducer MVP. Who knows – maybe his next company tip will put you on easy street.