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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 91 171 7,445
MORTGAGES 115 213 9,357
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 202 335 16,562
BANKRUPTCIES 70 123 6,108
BUSINESS LICENSES 31 59 2,747
UTILITY CONNECTIONS 71 192 8,856
MARRIAGE LICENSES 26 70 2,019

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