Shares of CBS Outdoor Americas, the billboard advertising company spun off from broadcaster CBS Corp., rose 7.5 percent today in their debut in an initial public offering on the New York Stock Exchange, Fox Business reports. The $560 million IPO valued the outdoor advertising company at about $3.36 billion.
11150 Santa Monica Boulevard, Suite 350
Los Angeles, CA 90025
323-549-5225
© Los Angeles Business Journal