DOMINO'S PIZZA Wall Street prices stock below target

DETROIT (AP) -- Wall Street has given a lukewarm response to Domino's Pizza Inc.'s stock offering, pricing it below the debt-laden pizza-maker's target at $14 a share.
Domino's had anticipated receiving $15 to $17 a share for the nearly 24.1 million-share initial public offering, the company said in an earlier filing with the Securities and Exchange Commission.
The shares in the nation's No. 2 pizza chain were to trade on the New York Stock Exchange beginning today under the symbol DPZ.
Domino's planned to sell 9.38 million shares which, at $14 a share, would raise $131.2 million.
Ann Arbor, Mich.-based Domino's said it would use its proceeds to pay down $125.5 million of about $948 million in long-term debt; $10 million to its majority owner, Bain Capital Partners VI LLC of Boston; and $1.6 million in bonuses and stock options to two senior executives.
The selling stockholders include Bain Capital, which currently owns 65 percent of Domino's common shares; JPMP Capital LLC of New York, 7.9 percent; and founder Tom Monaghan, whose 3.5 million shares represent a 6.3-percent stake.