National CineMedia, which operates the largest digital in-theatre advertising network in North America, priced its 38 million share IPO at $21, above the proposed $18 to $20 range, on Wednesday night. The deal raised a total of $798 million in gross proceeds, making it the richest IPO to price thus far in 2007. Credit Suisse, JP Morgan, Lehman Brothers and Morgan Stanley were all joint book runners on the deal. The stock is expected to begin trading on the NASDAQ under the ticker NCMI on Thursday.
