The initial public stock offering of Wheelabrator...

The initial public stock offering of Wheelabrator Technologies Inc., a unit of La Jolla-based Henley Group Inc., was well received by investors, with shares closing up $4 from the offering price. Henley also announced plans to buy back up to 20 million of its 98 million common shares outstanding. The WTI offering was initially priced at $19 per share but closed at $23 a share, raising a total of $114 million for the Hampton, N.H.-based trash-to-energy plant developer and operator. Henley shares closed up $0.875 at $30.375.