AdvancePierre Foods Holdings Inc. priced its initial public offering toward the lower end of its expected range late Thursday. The packaged sandwich and foods company priced its IPO at $21 a share, following a given range of $20 to $23 a share. The company said it is selling about 11.1 million shares with stockholders selling 7.5 million shares. Underwriters have an option to sell an additional 2.8 million shares to cover over-allotments. The stock begins trading on the New York Stock Exchange on Friday under the ticker “APFH”.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News