North American ISG commences its initial public offering

North American ISG commences its initial public offering

One of the largest integrated steel producers International Steel Group Inc. (ISG) announced on Monday that it is launching an initial public offering of its common stock to sell 15 million shares. Estimated offering price is ranging between $22.00-$24.00 per share. It is reported that none of the current stockholders will sell common stock in the offering. Goldman, Sachs & Co. and UBS Securities LLC will conduct the initial public offering jointly. Shares may be sold or offers to buy be accepted once the registration statement with respect to these securities, which has been filed with the Securities and Exchange Commission, becomes effective.