Rockwood Holdings, a leading global manufacturer of value-added specialty chemicals and advanced materials, priced its offering of 20.4 million shares at $20 on Tuesday night. The IPO price came in well below the proposed price range of $23 to $26. As a result, Rockwood will have less proceeds to help repay a portion of its substantial debt. Goldman Sachs and CS First Boston were the lead underwriters on the deal. The stock is set to begin trading on the NYSE under the ticker ROC on Wednesday.
