Noranda Aluminum Holding, a vertically integrated producer of value-added aluminum products, raised $80 million on Thursday by offering 10 million shares at the low end of its downwardly-revised $8 to $9 range. The deal was 68% smaller than originally proposed; the Apollo Management-backed company had initially planned to raise $250 million by offering 16.7 million shares at a range of $14-$16. Noranda Aluminum Holding is expected to begin trading tomorrow on the NYSE under the symbol NOR. BofA Merrill Lynch, Morgan Stanley, and Credit Suisse acted as lead managers on the deal.
