Horsehead Holding (ZINC) moved higher in trading on Friday in its first day of public trading. Shares edged higher through most of the morning and into the afternoon before leveling off. It closed at $18.59, up 59 cents. Early Friday, Horsehead revealed that the company priced the initial public offering of about 4.87 million shares of its common stock at $18.00 per share. This at the low end of an anticipated range of $18.00 to $20.00 per share. The company said that among the total, approximately 4.17 million shares will be offered by the company. The funds gathered from the IPO will be used for capital improvements and for general corporate purposes. The company said that Friedman, Billings, Ramsey & Co. is the lead underwriter. The sale of the stock would be constituted only after the registration or qualification under the securities law.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.