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Infrastructure testing services provider Mistras Group prices IPO at $12.50

October 8, 2009
MG

Mistras Group, which provides non-disruptive infrastructure testing primarily to the energy market, raised $109 million by offering 8,700,000 at $12.50, below the range of $14.00 to $16.00. Mistras Group plans to list on the NYSE under the symbol MG. J.P. Morgan, Credit Suisse, and BofA Merrill Lynch acted as lead managers on the deal.