Advanced Disposal Services (ADSW) IPO Opens Up 14%
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Today's IPO for Advanced Disposal Services, Inc. (NYSE: ADSW) opened for trading at $20.50 after pricing 19,250,000 shares of its common stock at a price to the public of $18.00 per share, the low end of the $18-$21 range.
Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC and Barclays Capital Inc. acted as lead joint book-running managers and representatives of the underwriters for the offering. UBSSecurities LLC also acted as a lead joint book-running manager. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Macquarie Capital (USA) Inc., Morgan Stanley & Co. LLC, and Stifel also acted as joint book-running managers, and SMBC Nikko Securities America, Inc. and First AnalysisSecurities Corporation acted as co-managers.
Advanced Disposal brings fresh ideas and solutions to the business of a clean environment. As the fourth largest solid waste company in the U.S., we provide integrated, non-hazardous solid waste collection, recycling and disposal services to residential, commercial, industrial and construction customers across 16 states and the Bahamas. The company's team is dedicated to finding effective, sustainable solutions to preserve the environment for future generations.
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