Constellium sees IPO netting $180M

May 13, 2013 | 05:42 PM | Michael Cowden

Tags  Constellium, initial public offering, IPO, aerospace, automotive, packaging, can sheet, NYSE Euronext Paris

CHICAGO — Constellium Holdco BV expects to net approximately $180 million from an initial public offering, according to documents filed May 13 with the U.S. Securities and Exchange Commission (SEC).

The Haarlemmermeer, Netherlands-based holding company plans to offer ordinary shares at between $17 and $19 on both the New York Stock Exchange and Euronext Paris under the ticker symbol "CSTM," according to a registration statement filed with the SEC.

Constellium will be converted to a Dutch public limited liability company and renamed Constellium NV before the offering is completed. Proceeds from the offering will be used to pay for general corporate expenses, including working capital, capital expenditures, debt repayment and potential acquisitions, it said.....





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