HSN begins trading its own stock

Mark Albright, Times Staff Writer
Posted: Aug 12, 2008 07:45 PM

Story Tools Initializing... Contact the editor Print this story Comment on this story Social Bookmarking

ADVERTISEMENT Loading Video...

For the first time in more than a decade, HSN Inc. began trading as its own stock around the lunch hour Tuesday on a "when-issued" basis.

That means there will be no stock certificates issued for the St. Petersburg TV shopping network until Aug. 21 when parent IAC/InterActiveCorp completes the spinoff formally splitting Barry Diller's e-commerce empire into five pieces, each with its own stock.

Diller is keeping his interest in IAC and Ticketmaster Inc. But he is severing his relationship with three other spinoffs: HSN, Miami-based Interval Leisure Group and Charlotte-based Tree.com, which was previously known as LendingTree.

HSN, which temporarily trades under the symbol HSNIV on NASDAQ, closed Tuesday at $10.90, up from an initial $10 price in light trading.

Loading comments...

 

HSN begins trading its own stock

To Email *
Personal Message
Your Name *
Your Email *
 

 

Click me for a different validation code

Validation Code *
  Send me a copy
   

 

 

 

* Indicates a required field

Privacy Policy (Opens in new window)