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ServiceMaster IPO imminent

June 25, 2014
KEYWORDS IPO / servicemaster / stock
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MEMPHIS, TN — Nearly three months after ServiceMaster Global Holdings Inc. announced plans for an initial public offering (IPO), the parent company of The ServiceMaster Co. will offer 35.9 million shares of common stock, according to the Memphis Business Journal.

Shares of ServiceMaster’s stock are expected to priced at between $18 and $21 per share, and the company has granted underwriters a 30-day option to purchase another 5.38 million shares, the article stated.

According to the article, the company hasn’t set a date for the IPO yet, but industry speculation expects it to happen sometime in the next two weeks.

The offering is being made through an underwriting group led by J.P. Morgan Securities LLC, Credit Suisse Securities USA LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, the article noted.

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