World Poker Tour Rasises 32 Million with IPO

WPT Enterprises Inc., a media and entertainment company that runs a circuit of tournaments called the World Poker Tour, on Monday said it raised a gross $32 million from an initial public offering of 4 million shares at $8 each. The West Hollywood, California-based company said it may offer an additional 600,000 shares to meet demand. Following an initial rise, shares of WPT Enterprises Inc.fell in their market debut on Tuesday after the initial public offering of the media entertainment company raised a higher-than-expected $32 million. According to a report from Reuters News