Elster prices below IPO range

first_img whatsapp Elster prices below IPO range Show Comments ▼ KCS-content whatsapp Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com German smart meter maker Elster Group priced shares in its initial public offering below the expected range yesterday, according to an underwriter. The company sold 16.2m American Depositary Shares for $13 each, raising about $210.6m. It had filed to sell shares for $16 to $18 each. The company never officially cut the price range but an underwriter said that investor demand was below-range. Elster sells meters and software to measure gas, electric and water consumption. It said in its prospectus that it has installed more than 200m meters over the past 10 years. Elster plans to use the proceeds to repay debt. Wednesday 29 September 2010 11:29 pm Tags: NULLlast_img read more