Cannae Holdings, Inc. Announces Pricing of Ceridian’s Initial Public Offering
Cannae Holdings, Inc. (CNNE)
Last cannae holdings, inc. earnings: 11/12 06:25 am
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cannaeholdings.com
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Source: Business Wire
LAS VEGAS--(BUSINESS WIRE)-- Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae”) announced today that Ceridian HCM Holding Inc. (“Ceridian”), a Cannae portfolio company, has priced its initial public offering of 21,000,000 shares of common stock at a price of $22.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 3,150,000 shares at the initial public offering price, less underwriting discounts and commissions. The initial public offering is expected to close on April 30, 2018, subject to the satisfaction of customary closing conditions. The New York Stock Exchange has approved the listing of the shares and the Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the shares. Listing on the TSX is subject to Ceridian fulfilling all of the requirements of the TSX on or before July 12, 2018, including distribution of the shares to a minimum
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