Stock Offerings: Now He'll Need A Power Tie

Now He'll Need A Power Tie

Spider-Man is a high-climbing superhero, but how will he perform on Wall Street? Later this month, fans of Spidey will have a chance to find out. Marvel Entertainment Group, publisher of Spider-Man, Captain America, Silver Surfer and more than 70 other titles, plans to make its first stock offering. Marvel will offer 3.5 million shares, a stake of about 30%. The shares are expected to sell at $14 to $16. Started in 1939, Marvel is the largest comic- book publisher in North America (total monthly circulation: 8.5 million). Last year the company posted net profits of $5.4 million, up 120% from...

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