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AT&T Wireless shares climb after record IPO

By Will Sturgeon

Published: 28 April 2000 11:28 BST

Market analysts and investors alike are closely monitoring the climbing share price of AT&T Wireless following the company's record IPO this week.

Nearly 57 million shares in the telecoms giant changed hands within an hour of opening at $29.50, setting the total capital raised at $10.62bn - almost twice the amount raised by United Parcel Services last year.

The AT&T Wireless IPO comes at a time when markets have been unsettled and a number of high profile offerings have been postponed.

At the close of trade yesterday the share price was $31.81

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