Public Policy (PPHC) said Wednesday it priced its US initial public offering at $12.25 a share, expecting to raise about $50.8 million in gross proceeds.
The company said the offering includes 3.4 million shares sold by the company and 750,000 shares sold by existing holders.
Underwriters have a 30-day option to buy up to 622,500 additional shares, Public Policy said
Shares are expected to begin trading on the Nasdaq Global Market on Wednesday, with the deal anticipated to close Thursday, subject to customary conditions, the company said.
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