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Core & Main set to go public after IPO priced at low end of expected range

·1 min read
Core & Main set to go public after IPO priced at low end of expected range
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Core & Main Inc. is set to go public Friday, as the Missouri-based water, wastewater and fire protection products distributor's initial public offering priced overnight at $20 a share, which was the low end of the expected range of between $20 and $23 a share. The company, which was valued at $4.81 billion at the IPO pricing, sold 34.88 million shares in the IPO to raise $697.7 million. The stock is expected to begin trading on the NYSE some time after the open under the ticker symbol "CNM." Gol