Xerium Technologies, a provider of clothing and roll covers used in paper machines, again cut the number of shares it will offer during the IPO to 10.8 million from 13.9 million. This reduction represents a 34% tumble from the originally proposed 16.4 million shares. The price range for the shares remains at $14 to $16. The joint book runners for the deal are Citigroup and Merrill Lynch. The deal is set to price later this week.
