Wednesday, December 1, 2010

RealD Launches Secondary Offering

Los Angeles-based RealD, the developer of 3D movie projection technology, has hit the markets with its secondary offering of its common stock. The firm--which had a successful IPO in July--said its existing stockholders are offering up 7,815,001 shares of its common stock. RealD is not receiving any proceeds from the secondary offering, whichi s being managed by J.P. Morgan Securities LLC, Piper Jaffray & Co., William Blair & Company, L.L.C., Stifel Nicolaus Weisel and BMO Capital Markets Corp.

---