- Associated Press - Friday, October 10, 2014

FLINT, Mich. (AP) - Diplomat Pharmacy Inc.’s Chairman and CEO Phil Hagerman rang the New York Stock Exchange’s opening bell, marking the Flint-based company’s debut as a publicly traded company.

Flint Mayor Dayne Walling traveled to New York for the event Friday. In a statement, he says Diplomat Pharmacy’s growth and initial public offering “are in alignment with the city’s efforts to foster job growth and business development in diverse industry sectors.”

Diplomat Pharmacy raised about $173 million from its IPO of about 13.3 million shares. The offering priced at $13 per share, below the projected range of $14 to $16 per share. The company’s stock is trading on the NYSE under the “DPLO” ticker symbol.




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