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Mayville Engineering prices IPO at $17, below the range

May 9, 2019
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Mayville Engineering, which manufactures components for commercial and industrial vehicle OEMs, raised $106 million by offering 6.3 million shares at $17, below the range of $19 to $21. Mayville Engineering plans to list on the NYSE under the symbol MEC. Baird, Citi, Jefferies, UBS Investment Bank and William Blair acted as lead managers on the deal.