SunCoke Energy, the largest independent producer of high-quality metallurgical coke in the Americas and carvout of Sunoco, raised $186 million by offering 11.6 million shares at $16, within its filed range of $15 to $17. Lisle-IL based SunCoke, which operates four cokemaking facilities in the US and one in Brazil, generated $1.3 billion in sales in 2010, an increase of nearly 16% over the prior year. Sunoco, which will receive 100% of the IPO proceeds, retained an 83% ownership stake in the company. SunCoke Energy will open for trading on Thursday on the NYSE under the symbol SXC. Credit Suisse, BofA Merrill Lynch, and Goldman, Sachs & Co. acted as lead managers on the deal.
