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Feb.11
2:53 PM ET
Wednesday, 11 Feb 2009
First IPO in Months Off to a Good Start
Posted By:Ariel Nelson
Topics:Economy (U.S.) | Stock Market
Another silver lining in the current economic environment is today's initial public offering of Mead Johnson Nutrition [MJN
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]. As of the early afternoon on its first day of trading, the pediatric nutrition manufacturer is up over 10% above its $24 offer price.
The company's products include Enfamil baby formula, and supplements for pregnant women, nursing mothers, babies and young children. Mead Johnson reported $2.88 billion in revenue in 2008, and the offer valued the company at about $5 billion. Here's how it stacks up compared to other IPO's.
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