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Initial public offerings priced this week
NEW YORK (AP) — The following is a list of initial public offerings that priced or were postponed during the week of Nov. 2-6.
Ancestry.com Inc. (Nasdaq: ACOM), a Provo, Utah-based operator of a subscription-based online community for researching family histories, priced 7.4 million shares at $13.50 each on Nov. 4. The price was at the midpoint of the $12.50 to $14.50 filing range. Morgan Stanley and BofA Merrill Lynch were the lead managers. The stock closed the first day, Thursday, at $14.20, and ended the week at $13.95, up 45 cents from the offering price.
Aviv REIT Inc. postponed its 16.6 million share offering on Nov. 3 citing poor market conditions. Morgan Stanley, BofA Merrill Lynch, and Citibank were set to be the lead managers. The company is a Chicago-based REIT focusing on healthcare properties, principally skilled nursing facilities. The stock was to trade on the NYSE with symbol AVI.
Duoyuan Printing Inc. (NYSE: DYP), a leading offset printing equipment supplier in China, based in Beijing, priced 6.5 million shares at $8.50 each on Nov. 5. The price was at the low end of the $8.50 to $10.50 filing range. Piper Jaffray and Roth Capital were the lead managers. The stock closed the first day, Friday, at $7.77, off 73 cents from the offering price.
Hyatt Hotels Corp. (NYSE: H), a global hotel operator and developer, based in Chicago, priced 38 million class A shares at $25 each on Nov. 4. The price was near the high end of the $23 to $26 filing range. Goldman Sachs and Deutsche Bank were the lead managers. Proposed NYSE symbol H. The stock closed the first day, Thursday, at $28 and also ended the week at $28, up $3 from the offering price.
PlainsCapital Corp., the 9th largest bank in Texas, based in Dallas, postponed its 15 million share offering on Nov. 4, due to poor market conditions. J.P. Morgan was set to lead the deal. The stock was to trade on the NYSE with symbol PCB.
STR Holdings Inc. (NYSE: STRI) priced 12.3 million shares at $10 each on Nov. 6. The price was below the revised $11 to $13 filing range which was originally $13 to $15. Credit Suisse and Goldman Sachs were the lead managers. The Enfield, Conn.-based company provides solar module encapsulants and quality assurance services for consumer products. The stock closed the first day, Friday, at $13.10, up $3.10 or 31 percent, from the offering price.