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Regional Management prices IPO at $15, below the range

March 27, 2012
RM

Regional Management, a provider of installment, auto and furniture/appliance loans to underbanked consumers in six southeastern and southwestern states, raised $63 million by offering 4.2 million shares at $15, below its proposed $17-$19 range. Jefferies and Stephens Inc. acted as lead managers for the IPO, and the stock is expected to commence trading on the NYSE under the symbol RM on Wednesday.