Koppers Holdings Inc. Announces Pricing of its Initial Public Offering
January 31, 2006 at 12:00 AM EST
PITTSBURGH, Jan. 31 /PRNewswire-FirstCall/ -- Koppers Holdings Inc.
(NYSE: KOP) (the "Company") announced today the pricing of its initial public
offering of 10,000,000 shares of common stock at $14.00 per share. Of the
shares offered, 8,700,000 are being offered by the Company and 1,300,000 are
being offered by shareholders of the Company. The selling shareholders have
granted to the underwriters a 30-day option to purchase up to an additional
1,500,000 shares of common stock to cover over-allotments, if any.
The Company's common stock is expected to begin trading on the New York Stock Exchange on February 1, 2006 under the trading symbol "KOP."
Credit Suisse Securities (USA) LLC and UBS Securities LLC are acting as joint book-running managers of the offering with First Analysis Securities Corporation, Jefferies & Company, Inc. and KeyBanc Capital Markets, a division of McDonald Investments Inc., acting as co-managers for the offering.
Koppers Holdings Inc. is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates 36 facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa.
A copy of the prospectus relating to these securities may be obtained, when available, from the prospectus department of either Credit Suisse Securities (USA) LLC, 11 Madison Avenue, New York, New York 10010, 212-325-2580 or UBS Securities LLC, 299 Park Avenue, New York, New York 10171, 212-821-3000.
The listing requirements of the New York Stock Exchange require that the Company disclose that additional information upon which the New York Stock Exchange relied to list the Company is included in Koppers Holdings Inc.'s Original Listing Application. Such information, relating to adjusted financial information for Koppers Holdings Inc. for the year ended December 31, 2003, is available to the public upon request.
The registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
SOURCE Koppers Holdings Inc.
Web Site: http://www.koppers.com
The Company's common stock is expected to begin trading on the New York Stock Exchange on February 1, 2006 under the trading symbol "KOP."
Credit Suisse Securities (USA) LLC and UBS Securities LLC are acting as joint book-running managers of the offering with First Analysis Securities Corporation, Jefferies & Company, Inc. and KeyBanc Capital Markets, a division of McDonald Investments Inc., acting as co-managers for the offering.
Koppers Holdings Inc. is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates 36 facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa.
A copy of the prospectus relating to these securities may be obtained, when available, from the prospectus department of either Credit Suisse Securities (USA) LLC, 11 Madison Avenue, New York, New York 10010, 212-325-2580 or UBS Securities LLC, 299 Park Avenue, New York, New York 10171, 212-821-3000.
The listing requirements of the New York Stock Exchange require that the Company disclose that additional information upon which the New York Stock Exchange relied to list the Company is included in Koppers Holdings Inc.'s Original Listing Application. Such information, relating to adjusted financial information for Koppers Holdings Inc. for the year ended December 31, 2003, is available to the public upon request.
The registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
SOURCE Koppers Holdings Inc.
Web Site: http://www.koppers.com