BWAY Holding (BWY) IPO Trades Lower

June 13, 2007 9:59 AM EDT
The IPO for BWAY Holding Company (NYSE: BWY) is open for trading. The stock is trading at $14.70 after pricing 10,039,216 shares at $15, below the expected $16-$18 range.

Goldman, Sachs & Co. and Banc of America Securities LLC are the joint bookrunners for the offering. Deutsche Bank Securities and JPMorgan are co- managers.

BWAY Holding Company is a leading North American manufacturer of general line rigid metal and plastic containers.

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