PNA Group Holding Corp. (PNA) Files $200M IPO
PNA Group Holding Corp. (NYSE: PNA) filed an amended registration statement with the SEC for an initial public offering of its common stock. The new proposed maximum aggregate offering price is $200 million. The company plans to list on the NYSE under the symbol "PNA".
The offering is being made through Citi, UBS Investment Bank and Goldman Sachs.
PNA Group is a leading national steel service center group that distributes steel products and provides value-added steel processing services to its customer base, which is largely comprised of fabricators and original equipment manufacturers across a diversified group of industries, including the non-residential construction, machinery and equipment manufacturing, oil and gas, telecommunications and utilities markets.
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