SAN FRANCISCO (AP) - There was no big stir on Wall Street, but a San Francisco-based Internet company marked a cultural milestone Thursday by becoming the first gay-directed business to trade its stock on a major exchange.
PlanetOut Inc., which operates several gay and lesbian-themed Web sites, made an initial public stock offering of 4.65 million shares on the Nasdaq Stock Market.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!