NewPage Holding (NWP) Sets IPO Price of $14-$16/Share

July 10, 2006 10:17 AM EDT

In an amended S-1 filing with the SEC, NewPage Holding Corporation (NYSE: NWP) indicated it sees an IPO price of $14-$16 per share on 20 million shares. The company has applied to list their common stock on the New York Stock Exchange under the symbol "NWP."

The offering is being made through an underwriting syndicate including Goldman, Sachs & Co., UBS Investment Bank, and Citigroup.

NewPage Holding is the largest coated paper manufacturer in North America, based on production capacity. The company operates four integrated pulp and paper mills in Kentucky, Maine, Maryland and Michigan which, together with their distribution centers, are strategically located near attractive end-use markets, such as New York, Chicago and Atlanta.

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