Posted By Rich Miller On October 30, 2007 @ 8:29 am In Dupont Fabros | Comments Disabled
Ten days after its IPO, shares of DuPont Fabros  (DFT) are trading close to the initial offering price of $21 a share. The company’s executives apparently think that’s a bargain, and have been buying shares. Chief executive and president Hossein Fateh and executive chairman Lammot J. du Pont each bought 47,600 shares of stock at $21 a share, spending about $1 million each, according to Securities and Exchange Commission filings last week. DuPont Fabros closed yesterday at $21.28 a share.
In other news, the underwriters of the company’s Oct. 19 IPO said they had exercised their option to buy an additional 4,575,000 shares of DuPont Fabros common stock at $21, raising the total proceeds from the offering to $678 million after expenses.
Article printed from Data Center Knowledge: http://www.datacenterknowledge.com
URL to article: http://www.datacenterknowledge.com/archives/2007/10/30/dupont-fabros-execs-buying-shares/
URLs in this post:
 DuPont Fabros: http://www.dft.com/
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
Copyright © 2012 Data Center Knowledge. All rights reserved.