Steel rail producer EVRAZ North America files for a $100 million IPO

EVRAZ North America, a leading North American producer of steel rail and pipe being spun out of Evraz, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

The Chicago, IL-based company, which was founded in 2012 and booked $3 billion in sales for the 12 months ended June 30, 2014, has not selected a ticker or an exchange. EVRAZ Citi and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.