Constellium prices IPO at $15, below the range


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Constellium, an Apollo/Rio Tinto-backed manufacturer of semi-fabricated aluminum products, raised $333 million by offering 22.2 million shares (40% from selling shareholders) at $15, below the range of $17 to $19. The deal size was originally expected to be 50% from selling shareholders. Constellium plans to list on the NYSE under the symbol CSTM. Goldman Sachs, Deutsche Bank and J.P. Morgan were the top underwriters on the deal.

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This article appears in: News Headlines , IPOs

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