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Steel private: EVRAZ North America withdraws $100 million IPO

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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.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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


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

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