Shares for REV Group Inc. debuted on the New York Stock Exchange Friday in its $275 million initial public offering at a price of $22 per share, but shares never traded for less than $24.50 all day.
REV Group (NYSE: REVG) is a Milwaukee-based designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services that’s competing for a multimillion-dollar contract to produce new vehicles for the U.S. Postal Service. REV Group CEO Tim Sullivan, previously CEO of the former Bucyrus International Inc. in South Milwaukee, has said that if the company wins the Postal Service…