Colfax (CFX) IPO Prices at $18
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Colfax Corporation (NYSE: CFX) priced its initial public offering of its common stock at $18.00 per share, above the expected $15-$17 range. Of the 18,750,000 shares being sold in the offering, 9,039,732 shares are being sold by the company and 9,710,268 shares are being sold by selling stockholders. The stock will open on the NYSE under the symbol "CFX" today.
Merrill Lynch & Co., Lehman Brothers and UBS Investment Bank are acting as joint book-running managers. The public offering is being made by means of a prospectus.
Colfax Corporation is a global leader in critical fluid-handling solutions, including the manufacture of positive displacement industrial pumps and valves used in global oil & gas, power generation, marine, naval and a variety of other industrial applications.
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