Metals USA Holdings Corp. announced an initial public offering of 11,4266,315 shares of its common stock was priced at $21.00 per share, raising $240 million of total proceeds. The underwriters were granted a 30-day option to purchase up to 1,713,947 additional common shares on a pro rata basis from stockholders at the initial public offering price. The shares began trading on the New York Stock Exchange on April 8, 2010, under the trading symbol “MUSA.” The transaction closed on April 14, 2010. Cravath represented the underwriters led by Goldman, Sachs & Co. in this transaction.
The Cravath team included associates Stephen M. Kessing and Patricia M. Groot on corporate matters.
Deals & Cases
February 12, 2025
Cravath represented the underwriters in connection with the $521.7 million initial public offering of common stock of Smithfield Foods, Inc., an American food company and an industry leader in value‑added packaged meats and fresh pork. The shares were listed on the Nasdaq Global Select Market. The transaction closed on January 29, 2025.
Deals & Cases
December 13, 2024
Cravath represented the underwriters, as U.S. counsel, in connection with the approximately C$313.6 million Rule 144A/Reg. S initial public offering of subordinate voting shares of Groupe Dynamite, Inc., a fashion house that operates retail stores and e‑commerce platforms under two complementary and spirited banners: Garage and Dynamite. The shares were listed on the Toronto Stock Exchange. The transaction closed on November 26, 2024.
Deals & Cases
April 15, 2024
Cravath, together with Hengeler Mueller, represented Douglas AG in connection with its €890 million initial public offering of ordinary bearer shares. The DOUGLAS Group is a leading omnichannel premium beauty destination in Europe. The shares were listed on the Frankfurt Stock Exchange (Prime Standard). The transaction closed on March 25, 2024.
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