NEW YORK (AP) - Shares of LifeLock fell more than 3% in its first day of trading as the online provider of identity theft protection services priced its initial public offering below the anticipated range.
The Tempe, Ariz., company dropped 30 cents, or 3.2%, to $8.70 in morning trading on Wednesday. The shares opened at $8.38, down 7% from the $9 offering price. The broader markets were mostly higher.
The offering of 15.7 million shares was expected to price between $9.50 and $11.50 each, according to a regulatory filing.
LifeLock is offering 15.5 million shares in the IPO, while certain selling stockholders are offering 200,000 shares.
The stock is listed on the New York Stock Exchange under the "LOCK" ticker symbol.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
A Scottsdale restaurant is trying to repair its image after a disastrous appearance on the FOX TV show Kitchen Nightmares. It led to a worldwide backlash.
A Scottsdale restaurant is trying to repair its image after a disastrous appearance on the FOX TV show Kitchen Nightmares. It led to a worldwide backlash.
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr...
A big job fair will take place Monday and dozens of positions need to be filled. One of the companies participating in the event is Go Daddy and they don't take part in these fairs often.
A big job fair will take place Monday and dozens of positions need to be filled. One of the companies participating in the event is Go Daddy and they don't take part in these fairs often.
One week from now, the Jodi Arias murder trial should be in the hands of the jury. Even though the trial has lasted four months now, the interest in it is still high with a lot of people across the country.
One week from now, the Jodi Arias murder trial should be in the hands of the jury. Even though the trial has lasted four months now, the interest in it is still high with a lot of people across the country.
The U.S. Department of Agriculture says a Louisiana-based meat packing company has expanded a recall of meat products because of possible bacterial contamination.
The U.S. Department of Agriculture says a Louisiana-based meat packing company has expanded a recall of meat products because of possible bacterial contamination.
It used to be doctors made house calls. Those days are long gone -- or are they? A Scottsdale company called "Stat Doctors" is pioneering a way for doctors to make virtual house calls.
It used to be doctors made house calls. Those days are long gone -- or are they? A Scottsdale company called "Stat Doctors" is pioneering a way for doctors to make virtual house calls.
