January 21, 2007 / 12:01 AM / 12 years ago

Dayton Superior IPO raises $94.2 mln, below range

NEW YORK, Dec 19 (Reuters) - Dayton Superior Corp., which makes specialized products for nonresidential concrete construction, on Tuesday raised $94.2 million with an initial public offering that was priced below a forecast range.

The 7.85 million share offering, which represents about a 42 percent stake in the company, sold for $12 per share compared with a $13 to $15 forecast.

Underwriters led by Robert W. Baird & Co. have the option to purchase an additional 1.2 million shares.

The company intends to list its shares on Nasdaq under the symbol “DSUP” DSUP.O.

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