Sources: Advanced Drainage Systems Inc., Hilliard, Ohio; CP staff Advanced Drainage Systems, which runs 50-plus flexible pipe plants and 24 distribution facilities in the U.S. and Canada, plus North Carolina pipe and manhole producer, Foltz Concrete, effected an initial public offering of 5.29 million shares at $16/share. The July 25 IPO spans 14.5 million shares overall, trading on the New…
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