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GameStop raises $325M
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February 12, 2002: 7:58 p.m. ET
Video game retail arm of Barnes & Noble raises $325M with IPO.
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NEW YORK (CNN/Money) - Video game retailer GameStop Inc. raised about $325 million late Tuesday with its initial public offering, pricing at the middle of its expected range.
GameStop priced 18.06 million shares at $18 per share through lead underwriters Salomon Smith Barney.
The company, a unit of Barnes & Noble (BKS: Research, Estimates), had revenue of more then $756 million in 2001 but lost a little under $12 million.
GameStop, the largest video game specialty retailer in the United States, also operates stores under the Babbage's, Software Etc., and FuncoLand names, but is in the processing of rebranding all stores to GameStop.
The company plans to trade as "GME" on the New York Stock Exchange. 
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