American Seafoods Corp filed on Wednesday to lower the estimated price range of its planned initial public offering to $13.50-$14 per income deposit security from $15.20-$16.80.
The Seattle, Washington-based company, which provides ocean-harvested whitefish and other seafood products, also lowered the number of IDSs to 30.7 million from 34.4 million.
The IDS is a new hybrid security that includes company stock and debt in a single unit.
In its IPO of 30.7 million IDSs, American Seafoods is offering 30.7 million shares of common stock and $158.3 million in debt.