Gardner Denver, Inc. (GDI) IPO Opens UP 6%

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Go back to Gardner Denver, Inc. (GDI) IPO Opens UP 6%

Gardner Denver Announces Pricing of its Initial Public Offering

May 11, 2017 8:09 PM EDT

MILWAUKEE--(BUSINESS WIRE)-- Gardner Denver Holdings, Inc. (Gardner Denver) today announced the pricing of its initial public offering of 41,300,000 shares of its common stock at $20.00 per share. Shares of Gardner Denvers common stock are expected to begin trading on the New York Stock Exchange on May 12, 2017 under the symbol GDI, and the offering is expected to close on May 17, 2017, subject to customary closing conditions. Gardner Denver has granted the underwriters a 30-day option to purchase up to an additional 6,195,000 shares of its common stock.

Gardner Denver will receive net proceeds of approximately $781 million after deducting underwriting discounts and... More