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Ryerson Holding postpones IPO

May 6, 2010
RYI

Ryerson Holding, the second largest metal distributor in North America, postponed its IPO on Thursday because of poor market conditions. The Chicago, IL-based company was founded in 1842 and booked $3.1 billion in sales for the 12 months ended 12/31/09. BofA Merrill Lynch and UBS Investment Bank were set to be the lead underwriters on the deal.