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AVG Technologies prices IPO at $16, bottom of the range

February 1, 2012
AVG

AVG Technologies, a freemium Internet security provider for consumers and small businesses, raised $128 million by offering 8 million shares at $16, the bottom of the $16 to $18 range. AVG plans to list on the NYSE under the symbol AVG. Morgan Stanley, J.P. Morgan and Goldman, Sachs & Co. acted as lead managers on the deal.