Edwards Completes IPO
The IPO was originally priced at $11–$13 per share in April and then lowered to $9–$10 per share in early May. According to Dow Jones, CCMP Capital Advisors and Unitas Capital now each own 40% of Edwards.
Crawley, UK 5/10/12; Crawley, UK 5/29/12—Vacuum product company Edwards Group began trading its shares on the NASDAQ Global Select Market on May 11 with 12.5 million shares at a price of $8.00 each (see IBO 3/31/12). The company reported net primary proceeds of $87.1 million, which were used to repay a tranche of debt under a First Lien Credit Agreement. The stock trades under the ticker symbol “EVAC.”
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