Latrobe files for 175M dollars IPO to pay down credit facility

摘要

Latrobe Specialty Steel Co. is looking to raise up to 175 million dollars in an initial public offering (IPO) on the New York Stock Exchange, according to a filing with the U.S. Securities and Exchange Commission (SEC). The Latrobe, Pa.-based company submitted the filing under the name Latrobe Specialty Metals. A spokeswoman said the company was in the process of changing its name to Latrobe Specialty Metals to “better reflect the activities of an enterprise that deals in several metals, not just steel.” The company’s stock will be listed under the ticker symbol LAT, although shares have yet to be priced and no offering date has been set.