Le Monde offered 30,000 shares to the public.
The shares of the prestigious but financially troubled French daily newspaper represent a 12.28% stake in the paper, which until now has been owned and run by staff and founder-members only. The sale of the shares, at $62 each and limited to 10 per buyer, signals a radical shift for the newspaper, which began publishing in 1944. The paper said the offering will bring in about $2 million to help put it back on a sound financial footing.
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