Tube City IMS Corp, which provides outsourced services to steel mills in North America, Europe and China, said on Friday it is planning an initial public offering of as much as $172.5 million in common stock.
Credit Suisse, UBS and Jefferies & Company Inc will underwrite the IPO, according to a preliminary offering document filed with the US Securities and Exchange Commission. The Glassport, Pennsylvania-based company said it intends list its stock on Nasdaq under the symbol "TCMS.