Constellium IPO valued at $333.3 million

May 23, 2013 | 10:52 AM | Claire Hack

Tags  aluminum, Constellium, downstream, Rio Tinto, Apollo, IPO

LONDON — Downstream aluminium product manufacturer Constellium N.V. has confirmed the value of its initial public offering (IPO) on the New York Stock Exchange and NYSE Euronext Paris at $333.3 million.

The company’s IPO, which had been expected to take place this week, included 22.2 million class A ordinary shares at a lower-than-expected price of $15 apiece. The company had previously said it expected the shares to price between $17 and $19 apiece (, May 20). ....

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