PE-Owned GNC Debuts on NYSE

GNC Holdings Inc. saw its shares rise in its New York Stock Exchange debut Friday, Reuters reported. The company, a retailer of wellness and nutrition products, saw its shares reach $16.55 in early trading, after pricing at $16. Apollo Global Management, GNC's previous owner, had tried to take GNC public twice before selling the store chain to Ares Management LLC and the Ontario Teachers' Pension Plan Board in 2007, Reuters wrote. Ares planned to sell 2.4 million shares in the IPO. OTPP planned to sell 3 million shares.

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