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Silvercrest prices below the range at $11

By: Renaissance Capital
Posted: 6/27/2013 8:47:00 AM
Referenced Stocks: SAMG

Silvercrest Asset Management, an investment company with $13.6 billion in AUM for ultra high net worth individuals, raised $53 million by offering 4.8 million shares at $11, below the range of $12 to $14. Silvercrest Asset Management plans to list on the NASDAQ under the symbol SAMG. Sandler O'Neill and Raymond James acted as lead managers on the deal.