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Boutique bank Evercore prices above expected range

August 10, 2006
EVR

Evercore Partners, a boutique investment bank that provides M&A advisory and investment management, priced its 3.95 million share IPO at $21, above its proposed $18 to $20 price range. Evercore's deal marked the first US IPO to price above its originally proposed range since Aventine Renewable Energy's offering in late June. Lehman Brothers, Goldman Sachs and JP Morgan were the lead underwriters on the deal. The stock is expected to begin trading on the NYSE under the ticker EVR on Friday.