Le Monde offered 30,000 shares to the public.
The shares of the prestigious but financially troubled French daily newspaper represent a 12.28% stake in the paper, which until now has been owned and run by staff and founder-members only. The sale of the shares, at $62 each and limited to 10 per buyer, signals a radical shift for the newspaper, which began publishing in 1944. The paper said the offering will bring in about $2 million to help put it back on a sound financial footing.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
