Employees of Barnes & Noble, Inc., New York, purchased 4.5 million shares, or almost 16% of the initial public offering of barnesandnoble.com, the company's online sales operation. Barnes & Noble chairman and CEO Leonard Riggio, who also serves as the chairman of barnesandnoble.com, bought eight percent, 2.3 million shares, of the barnesandnoble.com stock sold through the IPO.
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Employees of Barnes & Noble, Inc., New York, purchased 4.5 million shares, or almost 16% of the initial public offering of barnesandnoble.com, the company's online sales operation. Barnes & Noble chairman and CEO Leonard Riggio, who also serves as the chairman of barnesandnoble.com, bought eight percent, 2.3 million shares, of the barnesandnoble.com stock sold through the IPO.
