Remedytemp Makes Its Nasdaq Debut

Remedytemp Inc. said Thursday it sold 3.1 million common shares for $40.3 million, or $13 a share, in an initial public offering of its stock. The company had expected the shares to be offered at $12 to $14 each.

Remedytemp, which provides temporary office staffing, said a portion of the proceeds will be distributed to shareholders before the offering. The rest will be used for general corporate purposes.

Remedytemp shares closed at $14.625 on the Nasdaq Stock Market.