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)
Latest from Lawn & Landscape
- Hittle Landscaping acquires Calvin Landscape in Indianapolis
- Agri-Fab 60-gallon sprayer
- Mullin names Scott Miller as COO
- Schill Grounds Management acquires Begonia Brothers Services, Atlas Outdoor
- Lawn & Landscape announces keynote for Technology Conference
- The Harvest Group opens registration for virtual series on compensation strategies
- Granum, Weathermatic enter multi-year strategic partnership
- Rockit Pest adds Green Solutions Lawn & Pest Control in Tampa
