FAIRPORT, N.Y., Nov. 18, 2011 (GLOBE NEWSWIRE) -- Manning & Napier, Inc. (NYSE:MN.TO - News) today announced the pricing of its initial public offering of 12,500,000 shares of Class A common stock at a price to the public of $12.00 per share. In addition, Manning & Napier, Inc. has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares to cover over-allotments, if any. Manning & Napier's Class A common stock will begin trading on November 18, 2011 on the New York Stock Exchange under the symbol "MN."
The sole bookrunning manager of the offering is BofA Merrill Lynch. J.P. Morgan Securities LLC is acting as lead manager, and Wells Fargo Securities, LLC, Stifel, Nicolaus & Company, Incorporated, Keefe, Bruyette & Woods, Inc., Sandler O'Neill & Partners, L.P. and Needham & Company, LLC are acting as co-managers.
The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or email firstname.lastname@example.org.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.
About Manning & Napier
Manning & Napier is an independent investment management firm that provides a broad range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds.