Luxfer Holdings Prices IPO

October 03, 2012   |   October 2012 Bond Updates
Luxfer Holdings, a global materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders, announced the pricing of its initial public offering of American Depositary Shares, each representing one-half of an ordinary share of Luxfer, at a price of $10 per ADS. The shares are expected to begin trading today on the New York Stock Exchange under the ticker symbol LXFR. Closing of the offering is expected to occur on October 9, 2012. 8,000,000 shares are being offered for sale. Of the 8,000,000 shares, 6,400,000 ADSs represent new shares issued by Luxfer and the remainder is being offered by existing shareholders of Luxfer. An overallotment option of uP to 600,000 additional ADSs from Luxfer and up to 600,000 additional ADS from the selling shareholders will also be available.

View more at: http://www.forbes.com/sites/marketnewsvideo/2012/10/03/luxfer-holdings-prices-ipo/
 
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