A successful offering of $40 million by...

A successful offering of $40 million by McClatchy Newspaper Inc. showed that life is returning to the moribund initial public offering market, analysts said. McClatchy, the publisher of the Sacramento Bee and other newspapers, was one of a number of issuers whose plans to offer shares were dashed by the stock market collapse. In early October, it had hoped to ask between $20 and $23 per share, but settled for more than 20% less at $16.50 per share for its 2.4 million shares. The offer was well received Friday, as the stock rose 75 cents from the offering price to close at $17.25 a share on 800,400 traded.