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Amerigroup IPO raises $75M
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November 5, 2001: 8:05 p.m. ET
Health benefits provider sells 4.4M shares at $17 each via Banc of America and UBS.
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NEW YORK (CNNmoney) - The long-delayed initial public offering from Amerigroup Corp. raised nearly $75 million late Monday.
Virginia Beach, Va.-based Amerigroup sold 4.4 million shares at $17 each via lead underwriters Banc of America and UBS Warburg.
Amerigroup had planned to sell 4.4 million shares at $17 to $19 each, up from $15-to-$17. Amerigroup expects to trade Tuesday under the Nasdaq symbol "AMGP."
Amerigroup targets the poor in four states providing health-care benefits through state-sponsored programs such as Medicaid, Children's Health Insurance Program and Family Care. 
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