Crosstex Energy Inc. shares soared 30%, or $5.85, to $25.35 last Tuesday in an initial day of trading on the Nasdaq National Market under the symbol XTXI. Dallas-based Crosstex, which owns and controls the general partner share of midstream operator Crosstex Energy LP with a 54% stake, priced the initial public offering of 2.3 million shares of common stock at $19.50.
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Crosstex Energy Shares Jump 29% in IPO
Crosstex Energy Inc. shares soared 30%, or $5.85, to $25.35 Tuesday in an initial day of trading on the Nasdaq National Market under the symbol XTXI. Dallas-based Crosstex, which owns and controls the general partner share of midstream operator Crosstex Energy LP with a 54% stake, priced the initial public offering of 2.3 million shares of common stock at $19.50.
January 14, 2004
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