Citadel Broadcasting, the US radio station owner, has raised $418m (€374.6m) in the second US initial public offering in two days, following the $98m from Netgear, the US networking services firm.

Citadel shares priced at $19 a share, at the top end of the indicated range of between $17 and $19. Goldman Sachs was lead manager for the IPO while Credit Suisse First Boston, DB Alex Brown and Merrill Lynch were co-managers. The shares are expected to begin trading later on Friday.