Aleris IPO delay surprises market
Apr 12, 2012 | 03:37 PM
| Suzy Waite
Tags
Aleris,
IPO,
aerospace,
automotive,
aluminum,
Suzy Waite
NEW YORK — Aleris International Inc.’s planned initial public offering (IPO) has been delayed, a company spokeswoman told AMM Thursday.
"Pricing of Aleris’ IPO has been postponed," she said. She declined to comment further as the company has not withdrawn its S-1 registration with the U.S. Securities and Exchange Commission and therefore remains in a quiet period.
The Beachwood, Ohio-based aluminum company’s decision to delay its IPO launch has surprised market participants who had believed an IPO was set for this week.....
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