Jazz now predicts the IPO, which is expected this week, will price between $20 and $21 per share. Expected net proceeds from the offering were also lowered to $112. Jazz has granted the underwriters an option to purchase up to an additional 900,000 shares to cover over-allotments. The company will also use proceeds for working capital, capital expenditures and other general corporate purposes. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press. read more
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