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Allison Transmission IPO priced within range
March 14, 2012 / 10:23 PM / 6 years ago

Allison Transmission IPO priced within range

March 14 (Reuters) - Allison Transmission Holdings sold more shares than expected in its initial public offering on Wednesday as it priced within range, according to an underwriter.

The Indianapolis-based company, which makes automatic transmissions for trucks, buses and military vehicles, sold 26.1 million shares at $23 per share.

Allison had expected to sell 21.7 million shares at $22 to $24 per share.

The IPO raised $600.3 million in proceeds.

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