Michael Kors raises $944M in IPO

Fashionistas and investors all want a piece of Michael Kors, with the designer's company raising $944 million after selling 47.2 million shares in its initial public stock offering. The offering was expected to price between $17 and $19 a piece, but strong demand pushed the price to $20 per share. Kors, an American designer who became a household name in recent years as a judge on "Project Runway," has been one of the top names in fashion for years. His Hong Kong-based company makes high-end handbags, shoes and clothing. The stock is set to begin trading on the New