Multi Packaging Solutions (MPSX) IPO Opens Lower After Weak Pricing

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Go back to Multi Packaging Solutions (MPSX) IPO Opens Lower After Weak Pricing

Multi Packaging Solutions Prices Initial Public Offering

October 21, 2015 7:18 PM EDT

NEW YORK--(BUSINESS WIRE)-- Multi Packaging Solutions International Limited (MPS) today announced the pricing of its initial public offering of 16,500,000 common shares at $13.00 per share. The shares are expected to begin trading on Thursday, October 22, 2015 on the New York Stock Exchange under the ticker symbol MPSX, and the offering is expected to close on October 27, 2015, subject to customary closing conditions. MPS is selling 15,500,000 shares and certain selling shareholders, primarily employees and former employees (the Employee Selling Shareholders), are selling approximately 1,000,000 shares in order to meet certain tax obligations and other expenses incurred in connection with the offering. Certain affiliates of The Carlyle... More