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Cross Match Drops Price of Planned IPO

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Cross Match Technologies recently said it has lowered the expected price range of its forthcoming initial public offering (IPO), suggesting that net proceeds from the sale of stock could be about $23 million less than planned when the company refiled to go public last month. Under the amended filing with the Securities and Exchange Commission (SEC), Cross Match expects the public offering price to be between $11 and $13 per share, with slightly more than 8.3 million shares being offered.…

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