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Investment manager Pzena Investment Management prices at $18, top of the range

October 24, 2007
PZN

Pzena Investment Management, a deep value investor with nearly $29 billion under management, priced its 6.1 million share offering at $18 per share, the high end of its $16-$18 range. Goldman Sachs and UBS acted as joint bookrunners on the deal. The stock is expected to open for trading Thursday morning under the symbol "PZN" on the NYSE.