WASHINGTON (dpa-AFX) - AAC Holdings Inc. (AAC) Tuesday said it closed its initial public offering of 5.75 million shares at a price of $15.00 per share.
The company estimates net proceeds from the offering to be about $69.1 million after deducting underwriting discounts and commissions and estimated offering expenses.
William Blair & Company L.L.C. and Raymond James & Associates, Inc. served as joint book-running managers for the offering, and Avondale Partners, LLC served as co-manager.
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