Drugstore.com
This article was originally published in The Rose Sheet
Executive Summary
Trading opened at $18 per share for 5 mil. shares July 28, and reached a high of 70 before closing at 50-1/4. The online retailer filed its initial public offering in May, with the expectation of raising $67.5 mil. (1"The Rose Sheet" May 31, In Brief). The offering was managed by Morgan Stanley Dean Witter, Donaldson, Lufkin & Jenrette and Thomas Weisel Partners