09
Feb
18:54
TMK Ipsco pulls public offering
Russian steel producer TMK has postponed its planned $500 million initial public offering for its US subsidiary TMK Ipsco due to adverse market conditions, Kallanish understands.
The offering had only been active since 29 January.
“While we received significant interest from potential investors, the continued market and economic volatility are not optimal conditions for an initial public offering,” says ceo Piotr Galitzine. “As a company, we…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous