Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexEconomic EventsPress releases

Canada's Stelco IPO to price between C$16 to C$18

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/23/2017 | 09:05pm CET

Canadian steel maker Stelco Holdings Inc expects its initial public offering to be priced between C$16 to C$18 per share, raising about C$200 million ($158 million) at the mid-point.

The company, owned by U.S. private equity group Bedrock Industries, plans to offer between 11.11 million and 12.50 million of common shares. (http://bit.ly/2hYIVFy)

Stelco, which is emerging from its second bankruptcy in 13 years, will list on the Toronto Stock Exchange under the symbol "STLC".

Stelco operates two steel-processing facilities in Ontario and is targeting the auto sector for growth with plans to increase production of lightweight, higher-strength steels that automakers are increasingly seeking for better fuel economy, according to the company's IPO filings.

Goldman Sachs Canada Inc, BMO Nesbitt Burns Inc Capital Markets, Credit Suisse Securities (Canada) Inc, J.P. Morgan Securities Canada Inc, Scotia Capital Inc, TD Securities Inc, National Bank Financial Inc and Oppenheimer & Co Inc are the underwriters to the offering.

($1 = 1.27 Canadian dollars)

(Reporting by Taenaz Shakir in Bengaluru; Editing by Sriraj Kalluvila)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
03:16a CITY OF BREA CA : Holiday Giving Is An Important Brea Tradition
03:06a ERNST & YOUNG LLP : TESARO, Inc. Co-Founders named Entrepreneur Of The Year®
01:16a CFL CANADIAN FOOTBALL LEAGUE : 53rd Vanier Cup matchup set for next Saturday
11/18 'No fireworks' at NAFTA talks, but few signs of progress
11/18 BRC BRITISH RETAIL CONSORTIUM : RETAIL LEADERS BACK CHANCELLOR TO DELIVER A “SHOPPERS’ BUDGET”
11/18 RECALL : Potential Foreign Matter (Glass/Hard Plastic) in Certain Fresh Salads
11/18 AUSTRALIAN GOVERNMENT : Joint Media Release with the Hon Steven Ciobo MP, Minister for Trade, Tourism and Investment - Online Visitor visas for Indonesia
11/18 Driverless cars set for UK budget boost - finance ministry
11/18 MOAF MINISTRY OF AGRICULTURE AND FORESTS OF BHUT : Electric fencing –a Blessing to the Farmers of Gomchu village
11/18 UN ESCWA UNITED NATIONS ECONOMIC AND SOCIAL COMM : to spotlight synergies and trade-offs of Global Goals in the Arab region
Latest news "Economy & Forex"
Advertisement