Thursday, February 26, 2015

Home News ServiceMaster shares make lackluster debut

ServiceMaster shares make lackluster debut

Industry News

Shares of the company only rose about 3.64 percent.

| June 30, 2014

Shares of ServiceMaster Global Holdings Inc rose about 3.64 percent in their debut, valuing the owner of Terminix pest control and American Home Shield brands at about $2.25 billion.

The company's IPO raised about $610.3 million after its offering was priced at $17, slightly below its expected price range of $18-$21 per share.

ServiceMaster, controlled by private equity firm Clayton, Dubilier & Rice, sold 35.9 million shares in the offering.

Shares opened at $17.45 and touched a high of $17.62.

ServiceMaster's other brands include ServiceMaster Clean, Merry Maids cleaning service and Furniture Medic among others.

J.P. Morgan, Credit Suisse, Goldman Sachs & Co and Morgan Stanley are among the underwriters for the offering. (Source)

Top news

John Deere Landscapes acquires company

Shemin Landscape Supply has 29 locations in 14 states.

Pesticide ban debated

While city officials in a Maryland county discuss halting certain pesticides, LCOs should build relationships with local officials to educate them on the topic.

Ready for action

Start spring off on the right foot with a fully equipped crew.

Gender be damned

Whether you are a man or woman, the qualities of a true leader are the same.

A safe spring

Prepare tools, and crews, to go back to work.

x