First Union Corp.'s shares surged almost 5% on Friday after investors piled into the North Carolina banking company's huge offering of stock.
First Union came to market Thursday evening with 52.2 million shares, worth an estimated $2.5 billion.
Access to authoritative analysis and perspective and our data-driven report series.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In