Noranda Aluminum Holding Corporation, whose primary business is to produce aluminum products and rolled aluminum coils, has planned its IPO or the initial public offering.
What is the business of Noranda Aluminum?
Noranda Aluminum company produces aluminum products and rolled aluminum coils. Noranda's primary metals business accounts for about 10 percent of total U.S. primary aluminum production.
In addition, Noranda's rolling mill facilities produce foil and certain sheet products. In 2007, it accounted for about 17 percent of the total North American aluminum flat rolled products industry.
What is the expected size of the Noranda Aluminum IPO?
Though the exact size of the IPO is not known, but as per the indications from the filings, it appears to be upto $250 million. However, it is subject to change as this is only for the filing purpose.
Where will the IPO Proceeds be used by Noranda Aluminum IPO?
The company plans to use the net proceeds from its portion of the offering for general corporate purposes. Noranda also expects some shareholders to sell stock as part of the IPO. Noranda is controlled by Apollo Management LP, which will continue to control a majority of its voting shares after the IPO.
Which stock exchange the shares of Noranda Aluminum IPO be listed?
The Noranda Aluminum IPO shares will be listed on the New York Stock exchange.
Which ticker symbol has been selected by Noranda Aluminum IPO?
Noranda Aluminum shares will use the “NOR” ticker symbol.
When is the expected date of Noranda Aluminum IPO subscription and when will the shares be listed?
No information is available at present about the listing date and subscription dates of Noranda Aluminum IPO.
| The company did not disclose the IPO's underwriters. Let’s see how this IPO performs. | Table of Contents |
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