Luxfer Holdings, a global materials firm specializing in aluminum, magnesium, and zirconium, announced terms for its IPO on Wednesday. The Salford, United Kingdom-based company plans to raise $104 million by offering 8.0 million shares (20% insider) at a price range of $12 to $14. At the midpoint of the proposed range, Luxfer Holdings would command a market value of approximately $341 million.
Luxfer Holdings, which was founded in 1996 and booked $534 million in sales for the 12 months ended June 30, 2012, previously attempted an offering in December 2011, but withdrew it, citing poor market conditions. The company plans to list on the NYSE under the symbol LXFR. Credit Suisse and Jefferies & Co. are the joint bookrunners on the deal.
