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Taylor & Martin Group sets terms for $165 million IPO

Taylor & Martin Group, which provides marketplaces and auction solutions for the liquidation of pre-owned capital assets, announced terms for its IPO on Thursday. The Houston, TX-based company plans to raise $165 million by offering 15 million shares at a price range of $10 to $12. At the midpoint of the proposed range, Taylor & Martin Group would command a fully diluted market value of $341 million. Taylor & Martin Group, which was founded in 2011 and booked $139 million in sales for the 12 months ended 6/30/2012, plans to list on the NYSE under the symbol TMG. Canaccord Genuity, Oppenheimer & Co., and KeyBanc Capital Markets are the joint bookrunners on the deal.

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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