Ryerson announces terms for public offering

Jul 25, 2014 | 06:54 PM | Rey Mashayekhi

Tags  Ryerson, Ryerson Holding, Securities and Exchange Commission, SEC, IPO, initial public offering, steel distributor, Renaissance Capital Rey Mashayekhi

NEW YORK — Ryerson Inc. has announced the terms for an initial public offering (IPO) on the New York Stock Exchange, with holding company Ryerson Holding Corp. set to offer 11 million shares in a price range of $17 to $20 per share.

The Chicago-based metals distributor filed its 21st amendment to an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) July 24—the fourth time in five months that the company has updated its SEC prospectus. Ryerson is now poised to revitalize its bid to go public four years after its previous attempt was foiled by turbulent market conditions (amm.com, June 6, 2011).....

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