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Alloy producer Haynes Int'l prices above range at $65

March 19, 2007

Haynes International, which produces high-performance alloys for the aerospace, chemical processing and land-based gas turbine industries, priced its initial public offering of 2.1 million shares at $65, above its proposed $61 to $64 range, on Monday night. Of the shares sold in the deal, 1.1 million were offered by the firm and 1 million were sold by insiders. JP Morgan was the lead underwriter on the deal. The stock is expected to begin trading on the NASDAQ under the ticker HAYN on Tuesday.