Manning & Napier (MN) IPO Opens For Trading

November 18, 2011 10:16 AM EST
The IPO for Manning & Napier, Inc. (NYSE: MN) opened for trading at $12 after pricing 12,500,000 shares at $12.00. Shares are currently trading at $12.30.

The sole bookrunning manager of the offering was BofA Merrill Lynch.

Manning & Napier is an independent investment management firm that provides a broad range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds.


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