Globe Specialty Metals Inc, a New York-based producer of silicon metal and silicon-based alloys, will price its estimated $112 million initial public offering on July 29, and begin trading on Nasdaq the following day, one of the IPO's underwriters said on Friday.
If the IPO prices as scheduled, it will be the first IPO of the third quarter in the United States.
Globe Specialty Metals plans to sell 14 million shares for between $7 and$9 each in a deal led by Credit Suisse, Jefferies & Co and J.P. Morgan, according to an updated prospectus filed on Thursday.
The company plans to trade on Nasdaq under the symbol GSM with some 60 percent of the shares offered in the IPO are held by existing shareholders.
A forebear of the company filed for bankruptcy in April 2003 in part because of fluctuations in the price of raw materials, the company said in its filing. (Reporting by Phil Wahba; Editing by Gary Hill)