Active Network offered 8.2 million shares in its flotation, and selling stockholders sold 2.8 million.
Active Network, a US-based online service for sportsmen backed by media group Disney, raised $165m in its New York flotation after pricing 11 million shares at $15 each. Investment banks BoA Merrill Lynch and Citigroup served as co-lead underwriters and had set a $16 to $18 per share price range.
Active Network offered 8.2 million shares, and selling stockholders sold 2.8 million.
Active Network has raised more than $275m before its initial public offering, according to news provider Fortune.
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