ESCO Corporation withdraws $175 million IPO

By Renaissance Capital,

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ESCO Corporation, which manufactures wear parts and replacement products for the surface mining and aerospace industries, withdrew its plans for an initial public offering on Tuesday. The Portland, OR-based company was founded in 1913 and initially filed for a $175 million IPO in May 2011. Goldman Sachs and Morgan Stanley were set to be the joint bookrunners on the deal.

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This article appears in: News Headlines IPOs
Referenced Stocks: ESCO

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