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PSAV postpones $177 million IPO

PSAV, a leading provider of audiovisual equipment rental and support services for events, postponed its IPO on Thursday. It had filed to raise $177 million by offering 14.2 million shares at a price range of $12 to $13.

The Schiller Park, IL-based company was founded in 1962 and booked $1.5 billion in sales for the 12 months ended March 31, 2016. It had planned to list on the NYSE under the symbol PSAV. Goldman Sachs, Morgan Stanley, Barclays and Credit Suisse were set to be the joint bookrunners on the deal.

The article PSAV postpones $177 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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