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Rating:Manning & Napier Execs Get Gift of Gab for X-Mas Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 23, 2011

Manning & Napier Execs Get Gift of Gab for X-Mas

Reported by Sean Hanna, Editor in Chief

Executives at Manning & Napier [profile] will soon be free to once again go on the record about their business. The mutual fund firm has been in an SEC-mandated quiet period due to its recent $150 million IPO.

That quiet period will end next Wednesday, December 28.

The Rochester, New York-based mutual fund sponsor sold 12.5 million shares at $12 with the help of lead underwriters BofA Merrill Lynch and JP Morgan.

The stock (NYSE: MN) has traded between $11.76 and $13.20 since its IPO and was trading above $13 on Friday afternoon after opening at $12.98. 

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