Thursday, July 21, 2011

Skullcandy Flat In IPO

Park City-based Skullcandy, the maker of headphones and other electronics gear, was flat in its IPO Wednesday. The firm priced at $20.00, and closed at the same price, $20.00. The firm's pricing was above its earlier, expected range of $17 to $19.00. The IPO valued the firm at $535.6M. The firm is now trading on the NASDAQ Global Market as SKUL.