Ardagh Group, a global provider of metal and glass containers for consumer packaged goods, announced terms for its IPO on Monday.
The London, United Kingdom-based company plans to raise $300 million by offering 16.2 million shares at a price range of $17 to $20. At the midpoint of the proposed range, Ardagh Group would command a fully diluted market value of $4.3 billion and an enterprise value of $12.1 billion.
Ardagh Group was founded in 1932 and booked $6.7 billion in sales for the 12 months ended December 31, 2016. It plans to list on the NYSE under the symbol ARD. Citi, Deutsche Bank, Goldman Sachs, Barclays, Credit Suisse and J.P. Morgan are the joint bookrunners on the deal. It is expected to price during the week of March 13, 2017.
