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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs
Referenced Symbols: CSTM

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