The Elmet Group Co. Announces Closing of Upsized Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
The Elmet Group Co., a U.S.-based provider of precision-engineered components and advanced high-energy systems, successfully closed its upsized initial public offering (IPO) with approximately 9.9 million shares sold at $14.00 each, including full exercise of the underwriters' option. Net proceeds of $125.5 million will be used to repay debt, and f…