Early Friday, Horsehead Holding Corp. (ZINC), the parent company of Horsehead Corp., revealed that the company priced the initial public offering or IPO of about 4.87 million shares of its common stock at $18.00 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 utilized for capital improvements and for general corporate purposes.
Horsehead, a producer of specialty zinc and zinc-based products, said that Friedman, Billings, Ramsey & Co., Inc.- led underwriting syndicate would be making the offering. The sale of the stock would be constituted only after the registration or qualification under the securities law.
The Monaca, Pennsylvania- based company further said that the offering of these securities may be made only by means of a prospectus, copies of which may be obtained by from Friedman, Billings, Ramsey & Co., Inc.
For comments and feedback: editorial@rttnews.com