Aleris Corporation postpones $500 million IPO

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Aleris Corporation, a global manufacturer of aluminum products and specification alloys, postponed its IPO on Wednesday. The Beachwood, OH-based company was founded in 2004 and booked $4.8 billion in sales for the 12 months ended 12/31/2011. J.P. Morgan, Barclays Capital and Deutsche Bank Securities were set to be the lead underwriters on the deal.

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This article appears in: Investing IPOs
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