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Express prices IPO at $17, below the $18-$20 range

May 12, 2010

Express, Limited Brands' specialty retailer targeting young men and women, raised $272 million by offering 16 million shares at $17, below the range of $18-$20. Express plans to list on the NYSE under the symbol EXPR. BofA Merrill Lynch, Goldman, Sachs & Co. and Morgan Stanley acted as lead managers on the deal.