• IPOS
  • NOVEMBER 20, 2008, 9:44 P.M. ET

Grand Canyon Brings Tepid End To 15-Week-Long IPO Drought

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Online college Grand Canyon Education Inc. didn't do much to bolster investor confidence in initial public offerings Thursday, with an IPO that declined 1.3% on the Nasdaq Stock Market.

The deal, the first U.S. IPO in nearly four months, closed at $11.85 a share, down from the $12 offer price. A total of 10.5 million shares were sold at the low end of the revised range of $12 to $14 set by underwriters Credit Suisse Group AG and ...

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