Whistler Blackcomb Holdings Inc. had a rough go getting to market, but once there the stock held up well in its first day of trading.
The stock finished Tuesday at $12.06, up from the initial public offering price of $12.
Of course, that's still a far cry from the $15 to $16 initially sought by the backers of the IPO, Whistler owner Intrawest and its owner, Fortress Investment Group.
After two price cuts, the stock finally found a good demand level at $12 and that's where the final pricing took place.
About 2.3 million shares changed hands in the first day of trading, which was shortened because the IPO wasn't ready to go first thing when markets opened.Report Typo/Error