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Professional Diversity Network prices IPO at $8, below the range

3/5/2013 12:44:00 AM
By: Renaissance Capital
Referenced Stocks:IPDN

Professional Diversity Network, which provides online networking and job postings for 2 million minorities in the US, raised $21 million by offering 2.6 million shares at $8, below the range of $10 to $12. Professional Diversity Network plans to list on the NASDAQ under the symbol IPDN. Aegis Capital acted as the sole bookrunner on the deal.