Steel private: EVRAZ North America withdraws $100 million IPO
EVRAZ North America, which is leading North American producer of steel rail and pipe carved out of Evraz, withdrew its plans for an initial public offering on Monday. It originally filed in September 2014 for a $100 million IPO; at the time, we estimated that it could have raised $300 million. The company last updated its filing in December 2014.
The Chicago, IL-based company was founded in 2012 and booked $3.1 billion in sales for the 12 months ended September 30, 2014. It had planned to list on the Nasdaq under the symbol ENA. Citi and Goldman Sachs were set to be the joint bookrunners on the deal.
The article Steel private: EVRAZ North America withdraws $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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