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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 67 268 2,718
MORTGAGES 91 335 3,433
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 268 959 6,422
BANKRUPTCIES 55 236 2,182
BUSINESS LICENSES 34 132 1,049
UTILITY CONNECTIONS 50 268 2,308
MARRIAGE LICENSES 23 90 554

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