Tags: US | Noranda | IPO | Mover

Metals Company Noranda Gains in Trading Debut

Friday, 14 May 2010 10:03 AM

 

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Shares of metals producer Noranda Aluminum Holding Corp. are rising in their debut on the New York Stock Exchange.

The stock is up 15 cents in morning trading Friday to $8.15. Shares have traded as low as $8.11 and as high as $8.60.

Noranda Aluminum Holding priced its initial public offering of 10 million shares at $8 on Friday after slashing its offer size a day before.

The Franklin, Tenn., company said Monday it hoped to sell 16.7 million shares for $14 to $16 each.

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