RHI Entertainment, which has produced about half the television miniseries made in the last seven years, priced its initial public offering at $14 a share, below the $16 to $18 it was seeking, the Los Angeles Times reports. RHI, run by longtime producer Robert Halmi Sr. and his son, Robert, are seeking a cash infusion to pay down debt incurred when they purchased the firm back from Hallmark in 2006, the paper says. The IPO brought in $189 million, according to the newspaper. The stock will trade on the NASDAQ.
—Greg Baumann