Metals USA Holdings, a leading provider of value-added processed metals and manufactured components, announced terms for its IPO on Friday. The Fort Lauderdale, FL-based company plans to raise $200 million by offering 10.5 million shares at a price range of $18-$20. At the mid-point of the proposed range, Metals USA will command a market value of $686 million. The metals company, which was founded in 1996 and is currently 93% owned by private equity giant Apollo Management, booked $1.1 billion in sales last year. Metals USA plans to list on the NYSE under the symbol MUSA. Goldman Sachs, Credit Suisse and J.P. Morgan are the lead underwriters on the deal, which is expected to price during the week of April 5th.
