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Manning & Napier Prices IPO

Investment management services provider Manning & Napier has priced its initial public offering at $12 per share, below its expected range.

Investment management services provider Manning & Napier has priced its initial public offering (IPO) at $12 per share, below its expected range, Reuters reports. The New York-based company has sold 12.5 million shares in the offering, raising $150 million.

The IPO was underwritten by Bank of Amercia Merrill Lynch. Shares were slated for listing on the New York Stock Exchange on Friday.

Click here for the story from Reuters.

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