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Oaktree-backed AdvancePierre Foods rises in debut

Jul 15, 2016 - The Deal Pipeline

Shares of Oaktree Capital Management LLC-backed food distribution company AdvancePierre Foods Holdings Inc. (APFH) jumped on their debut on the New York Stock Exchange on Friday, July 15.

The stock closed at $24, up 14.3%. The Blue Ash, Ohio, company on Thursday priced its initial public offering at $21 per share, within its range of $20 to $23. The company sold 11.09 million shares, raising $232.9 million.

In addition, shareholders sold 7.51 million shares, with Oaktree selling 6.54...