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Dice Holdings announces pricing of its IPO

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CIOL Bureau
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NEW YORK, US: Dice Holdings, Inc. has announced the pricing of its initial public offering of 16,700,000 shares of its common stock at a price of $13.00 per share. Of the shares being offered, 6,700,000 were offered by the company and 10,000,000 were offered by selling stockholders.

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The shares will be listed on the New York Stock Exchange under the ticker symbol “DHX.” To the extent that the underwriters sell more than 16,700,000 shares of common stock, the underwriters have the option to purchase up to an additional 2,505,000 shares of common stock from the selling stockholders at the initial public offering price less the underwriting discount. The offering is expected to close on or about July 23, 2007.

The company intends to use the net proceeds from the offering received by it to repay a portion of the indebtedness outstanding under its amended and restated credit facility and will use the remaining proceeds for working capital and general corporate purposes. The Company will not receive any of the proceeds from the offering of the common stock by the selling stockholders.

Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated acted as joint book-running managers of the offering and JP Morgan Securities Inc., Lehman Brothers Inc. and Jefferies & Company, Inc. acted as co-managers.

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