Haynes Int'l prices IPO of 2.1 million shares at $65
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Corrosion Resistant & High Temperature Alloys From Haynes International, Inc.
Haynes International, Inc., headquartered in Kokomo, Indiana, USA, is a world leader as the inventor, developer, and producer of quality high performance nickel- and cobalt-based alloys.
Haynes International, Inc. is a technology and service oriented company devoted to the development and manufacture of high-performance nickel- and cobalt-based alloys for service in severe corrosion and high-temperature applications. Superior customer service and technical support are provided worldwide by well-trained professionals within the company. Haynes' service centers and affiliates have available in-stock sheet, plate, bar, wire, tubing, forging stock, fittings, and flanges.
71.25, +0.25, +0.4%) the Kokomo, Ind., developer of alloys for application in aerospace, gas turbines, and chemicals processing, priced its initial public offering of 2.1 million common shares at $65 each. The company had planned to offer the shares at $61 to $64 each. The company is selling 1.1 million shares and certain holders are selling 1 million. Haynes said it will use its portion of the funds to pay down debt. J.P. Morgan Securities is book-running manager for the offering.