NEP Group Sees Pricing IPO Of 13 Mln Shares In $15-$17 Per Share Range

(RTTNews) - NEP Group, Inc. said Monday that it has launched an initial public offering of 13.0 million shares of its common stock at an anticipated initial offering price between $15.00 and $17.00 per share pursuant to a registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission.

In addition, it is expected that the underwriters will have a 30-day option from the date of the offering to purchase up to an additional 1.95 million shares of the company's common stock.

The common stock has been authorized for listing on the New York Stock Exchange under the ticker symbol "NEPG," subject to official notice of issuance.

Barclays and Morgan Stanley are acting as lead joint book-running managers and representatives of the underwriters for the offering. Jefferies, Macquarie Capital and RBC Capital Markets are also acting as joint book-running managers, with Nomura and Stifel acting as co-managers for the proposed offering.

Pittsburgh, Pennsylvania-based NEP Group is a international production company that provides outsourced teleproduction services for major events throughout the world.