SunCoke Energy, Inc., the largest independent producer of high-quality metallurgical coke in the Americas, announced terms for its IPO on Wednesday. The Lisle, IL-based company plans to raise $186 million by offering 11.6 million shares at a price range of $15 to $17. At the mid-point of the proposed range, SunCoke Energy, Inc. will command a market value of $1.1 billion. SunCoke Energy, Inc., which was founded in 1962 and booked $533 million in sales for the 12 months ended March 31, 2011, plans to list on the NYSE under the symbol SXC. Credit Suisse, BofA Merrill Lynch, and Goldman, Sachs & Co. are the lead underwriters on the deal, which is expected to price Wednesday, July 20.
