Noranda Aluminum Holding, a vertically integrated producer of value-added primary aluminum products and rolled coils, announced terms for its IPO on Monday. The Franklin, TN-based company plans to raise $250 million by offering 16.7 million shares at a price range of $14-$16. At the mid-point of the proposed range, Noranda Aluminum will command a market value of $935 million. Noranda Aluminum, which was founded in 2007 and booked $770 million in sales last year, plans to list on the NYSE under the symbol NOR. BofA Merrill Lynch, Morgan Stanley and Credit Suisse are the lead underwriters on the deal, for which timing was not disclosed.
