Metaldyne prices IPO at $15, below the range

Metaldyne Performance Group, an LBO'd producer of powertrain and safety components for light vehicles, raised $150 million by offering 10 million shares (100% insider) at $15, below the range of $18 to $21. Metaldyne Performance Group plans to list on the NYSE under the symbol MPG. BofA Merrill Lynch, Goldman Sachs, Deutsche Bank, Barclays, Credit Suisse and RBC Capital Markets acted as lead managers on the deal.