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VOL. 129 | NO. 128 | Wednesday, July 02, 2014

ServiceMaster Completes Public Offering

By Bill Dries

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ServiceMaster Global Holdings Inc. announced Tuesday, July 1, that it has completed its initial public offering of common stock at $17 a share.

The shares began trading June 26 on the New York Stock Exchange.

The Memphis-based company went public to pay down its debt.

The underwriters also exercised in full their option to purchase an additional 5.3 million shares of common stock.

With that included, the company sold a total of 41.2 million shares of common stock in the initial public offering.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 22 22 3,817
BUILDING PERMITS 142 142 35,472
BANKRUPTCIES 62 62 14,096
BUSINESS LICENSES 62 62 5,053
UTILITY CONNECTIONS 99 99 21,532
MARRIAGE LICENSES 37 37 4,594

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