ServiceMaster (SERV) Stock Rises Slightly in First Trading Day After IPO

NEW YORK (TheStreet) -- ServiceMaster  (SERV) rose slightly in its debut Thursday, the company's first day of trading after it priced its IPO.

The owner of the Terminix pest control and American Home Shield brands priced its initial public offering of 35.9 million shares at $17 a share, slightly less than the expected range of $18 to $21 a share. The offering included a 30-day option for underwriters to purchase up to an additional 5.385 million shares. ServiceMaster raised $610.3 million in the offering.

The stock opened at $17.45, dipped to a low of $17.08 and then hit a high of $17.63 as of 11:21 a.m., by which point more than 10.1 million shares had changed hands.

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SERV Price Chart

SERV Price data by YCharts

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