After cutting the estimated price of its initial public offering, metal products distributor
Earle M. Jorgensen Co. (
JOR: chart) on Friday raised $176 million as it priced 17.6 million shares at $10 each.
The company had been expected to raise more than $300 million earlier April.
On Thursday the company announced that it planned to sell 20 million shares at a price range of $11-$13 each, down from its previously projected price range of $14-$16 per share.
Credit Suisse First Boston and Goldman Sachs & Co. are underwriting the IPO.
San Diego, California-based
DexCom, Inc. (
DXCM: chart) priced its IPO of 4,700,000 shares of common stock at $12.00 per share which was within the projected price range between $12 to $14 each. The medical device maker is selling all of the shares in the offering.
Piper Jaffray & Co. is the sole book-running manager for the offering. SG Cowen & Co., LLC is the co-lead manager. William Blair & Company, L.L.C. and First Albany Capital Inc. are co-managers.
PRB Gas Transportation Inc. (
PRB: chart) owner and operator of intrastate natural gas gathering systems in the Rocky Mountain area priced 2 million shares at $5.50 per share.
Gilford Securities Inc. was the lead underwriter on the offering.
IPOs scheduled to debut the week of April 18
Evansville, Indianapolis-based vehicle components manufacturer and supplier
Accuride Corp. (
ACW: chart) plans to offer 250 million shares in the price range $17-19 a share.
The deal is managed by CitgroupDeutsche Bank Securities/UBS Financial.
The insurer
National Atlantic Holdings (
NAHC: chart) plans to sell 99.75 million shares, priced between $14-16 each, in a bid to raise $122 million.
The lead underwriter of the deal is Citigroup.