WASHINGTON (dpa-AFX) - Neff Corp. (NFFCA.PK) said it has priced its initial public offering or IPO of around 10.48 million Class A common shares at $15.00 per share. Further, he underwriters were granted a 30-day option to buy up to nearly 1.57 million additional common shares from Neff Corp. at the IPO price, less underwriting discounts and commissions. The shares may begin trading on The New York Stock Exchange on November 21, 2014 under the symbol 'NEFF.'
Morgan Stanley & Co. LLC, Jefferies LLC, Piper Jaffray & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers for the offering. Wells Fargo Securities, LLC is acting as co-manager for the offering.
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