Emerald Expositions Events (EEX) IPO Opens 10% Higher

Today's IPO for Emerald Expositions Events (NYSE: EEX) opened for trading at $18.70 after pricing 15,500,000 shares of common stock at a price to the public of $17.00 per share.

Of those shares, the Company is selling 10,333,333 shares and certain stockholders of the Company affiliated with Onex Corporation are selling 5,166,667 shares.

The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 2,325,000 shares.

BofA Merrill Lynch, Barclays and Goldman, Sachs & Co. are acting as joint book-running managers of the offering and representatives of the underwriters; Citigroup, Credit Suisse, Deutsche Bank Securities, and RBC Capital Markets are also acting as joint book-running managers; and Baird is acting as co-manager.

Emerald Expositions is the largest operator of business-to-business (“B2B”) trade shows in the United States by net square footage (“NSF”), with its oldest trade shows dating back over 110 years. Emerald Expositions currently operates more than 50 trade shows, including 31 of the top 250 trade shows in the country as ranked by TSNN, as well as numerous other events. In 2016, Emerald Expositions’ events connected over 500,000 global attendees and exhibitors and occupied over 6.5 million NSF of exhibition space.

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