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RailAmerica prices IPO at $15.00, below the range

October 12, 2009
RA

RailAmerica, an owner/operator of short line freight railroads in North America, raised $330 million by offering 22,000,000 at $15.00, below the range of $16.00 to $18.00. RailAmerica plans to list on the NYSE under the symbol RA. J.P. Morgan, Citi, and Deutsche Bank acted as lead managers on the deal.