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Douglas Dynamics prices IPO at $11.25, the low end of its downwardly revised range

May 4, 2010

Douglas Dynamics, the largest provider of snowplows and sand and salt spreaders in North America, raised $112.5 million by offering 10 million shares at $11.25, the low end of its downwardly revised range and 25% below its original range of $14 to $16. Douglas Dynamics will list on the NYSE under the symbol PLOW. Credit Suisse and Oppenheimer & Co. acted as lead managers on the deal.