Ryan Reynolds’ MNTN Shares Rise 65% After $187 Million IPO (2)

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MNTN Inc.’s shares climbed 65% after the company and some of its shareholders raised $187 million in an initial public offering.

Shares in the Austin-based company closed at $26.36 each on Thursday in New York, above the IPO price of $16 per share, the top of the marketed range. Trading was briefly halted for volatility after the open.

The trading gives MNTN a market value of $2 billion based on the outstanding shares listed in its filings. Accounting for employee stock options and restricted stock units, the company has a fully diluted value of about ...