Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

Y&R IPO share prices higher than expected

Published on .

Young & Rubicam's long-awaited initial stock offering got a good reception from investors as it began trading on the New York Stock Exchange May 12. The stock opened Tuesday at $28.06 per share -- far higher than the company's initial price of $25 per share or previous estimates of $21 to $24 per share -- and closed Friday at $27.62.

Copyright May 1998, Crain Communications Inc.

Most Popular
In this article: