Taylor & Martin (TMG) Adjusts IPO Offering Plans; to Sell More Shares at Lower Price

November 5, 2012 12:58 PM EST
Taylor & Martin Group, Inc. (NYSE: TMG) filed an amended registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The company plans to sell 19 million shares and sees and offering price of $8 to $10 per share, compared with prior plans to sell 15 million shares at $10 to $12 per share. Taylor & Martin plans to list on the New York Stock Exchange under the ticker "TMG."

The offering is being made through Canaccord Genuity, Oppenheimer & Co., KeyBanc Capital Markets, and Stephens Inc.

Taylor & Martin provides marketplaces and value-added solutions for the liquidation of pre-owned capital assets, excess inventory and returned consumer goods.

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KeyBanc, Stephens Inc., Canaccord Genuity

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