GrafTech International Ltd. (EAF) expects to raise $850 million in an initial public offering (IPO) on Thursday, April 19th, IPO Scoop reports. The company will issue 37,800,000 shares at $21.00-$24.00 per share.
In the last 12 months, GrafTech International Ltd. generated $550.8 million in revenue and $8 million in net income. GrafTech International Ltd. has a market-cap of $6.8 billion.
J.P. Morgan and Credit Suisse acted as the underwriters for the IPO and Citigroup, RBC Capital Markets, HSBC, BMO Capital MarketsBNP PARIBAS, CIBC Capital Markets and National Bank Financial were co-managers.
GrafTech International Ltd. provided the following description of their company for its IPO: ” We are a leading manufacturer of high quality graphite electrode products essential to the production of EAF steel and other ferrous and non-ferrous metals. We believe that we have the most competitive portfolio of low-cost graphite electrode manufacturing facilities in the industry, including three of the five highest capacity facilities in the world (excluding China). We are the only large scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, the primary raw material for graphite electrode manufacturing, which is currently in limited supply. “.
GrafTech International Ltd. was founded in 1886 and has 1310 employees. The company is located at 982 Keynote Circle, Brooklyn Heights, OH 44131, US and can be reached via phone at (216) 676-2000. or on the web at http://www.graftech.com.
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