Koppers Holdings Inc. Announces Pricing of its Initial Public Offering
January 31 2006 - 5:51PM
PR Newswire (US)
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. First
Call Analyst: FCMN Contact: DATASOURCE: Koppers Holdings Inc.
CONTACT: Brian H. McCurrie, Vice President, Chief Financial Officer
of Koppers Holdings Inc., +1-412-227-2153, or Web site:
http://www.koppers.com/
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