GameStop Raises $325 Million in IPO

GameStop Corp., the video-game store unit of Barnes & Noble Inc., raised $325 million in its initial public offering Tuesday, capitalizing on surging sales in one of the fastest-growing retail markets.

GameStop, based in suburban Dallas, sold 18.1 million shares at $18 each, in the middle of its planned price range of $17 to $19. The shares will begin trading today on the New York Stock Exchange (ticker symbol: GME).

The IPO values GameStop at $972 million. Barnes & Noble (BKS) will own Class B shares, giving it voting power of about 95%.

Also Tuesday, JetBlue Airways Corp. filed for an initial public stock offering to raise as much as $125 million to buy planes as the low-fare carrier prepares to fly to more cities.

The company hasn’t disclosed how many shares it will offer or an estimated price.