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Pioneer Power Solutions prices upsized IPO at $7, the low end of the range
By: Renaissance Capital
Pioneer Power Solutions, which provides electrical equipment and services in the utility, industrial and commercial markets, raised $8 million by offering 1.1 million shares (up from 1.0 million) at $7, the low end of the range of $7 to $8. Pioneer Power Solutions plans to list on the NASDAQ under the symbol PPSI. Roth Capital acted as the sole bookrunner on the deal.