date:Mar 29, 2013
Shares of Pinnacle Foods, the maker of Birds Eye frozen foods, Duncan Hines frosting and cake mixes and Vlasic pickles, jumped 11 percent in their first day of trading as a public company.
The company's stock priced at $20 per share and closed at $22.21. The shares priced at the high end of their expected range of $18 to $20 per share, which suggested healthy demand from investors.
Pinnacle Foods Inc. raised $580 million in an initial public offering of 29 million shares. The banks managing th