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SMART Global Holdings prices IPO at $11, below the $13 to $15 range

May 24, 2017
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SMART Global Holdings, which is leading provider of memory modules for smartphones and computers in Brazil, raised $58 million by offering 5.3 million shares at $11, below the range of $13 to $15. SMART Global Holdings plans to list on the Nasdaq under the symbol SGH. Barclays, Deutsche Bank, Jefferies and Stifel acted as lead managers on the deal.