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SCOTTS COMPLETES IPO OF 12.5 MILLION SHARES ON NASDAQ; IPO AT $19 PER SHARE IS NASDAQ'S LARGEST SINCE 1987

 SCOTTS COMPLETES IPO OF 12.5 MILLION SHARES ON NASDAQ;
 IPO AT $19 PER SHARE IS NASDAQ'S LARGEST SINCE 1987
 WASHINGTON, Jan. 31 /PRNewswire/ -- The NASDAQ Stock Market today announced the listing of the initial public offering (IPO) of The Scotts Company (SCTT), makers of lawn and turf care products. The offering of 12.5 million shares of class A common stock at $19 per share is valued at approximately $237.5 million.
 "We are pleased to welcome The Scotts Company to NASDAQ," said NASDAQ President Joseph R. Hardiman. "They join a growing number of world class companies in the move back to equity, recognizing that NASDAQ technology continues to lead the way as the most efficient means to tap the domestic and evolving global capital markets."
 The Scotts offering is the 37th IPO on NASDAQ this year, boosting the total value of 1992 NASDAQ IPOs to $1.3 billion. In 1991, there were more than 300 IPOs listed on NASDAQ, raising a total of more than $7.5 billion. Today's IPO by Scotts is the largest on NASDAQ since a 1987 offering valued at $282.9 million by McCaw Cellular Communciations.
 The Scotts Company, based in Marysville, Ohio, is the country's leading producer and marketer of consumer do-it-yourself lawn care and professional golf course turf care products. The company was formed in 1986 by Clayton & Dubilier, Inc., a New York-based private investment firm, to acquire the O.M. Scott & Sons Company based in Marysville.
 Goldman, Sachs & Co., The First Boston Corporation and Kidder, Peabody & Co. Incorporated are the underwriters for the IPO.
 NASDAQ trading accounts for 45 percent of the share volume of equity trading on organized nationwide markets in the United States. NASDAQ is the second-largest stock market in the country.
 -0- 1/31/92
 /CONTACT: Robert Ferri of NASDAQ, 202-728-8955/ CO: NASDAQ Stock Market; The Scotts Company ST: District of Columbia IN: FIN SU:


MH -- DC022 -- 5665 01/31/92 13:43 EST
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Publication:PR Newswire
Date:Jan 31, 1992
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