GLBM Global SP Regs

 

TIDMGLBM 
 
RNS Number : 5435W 
Globe Specialty Metals, Inc 
30 July 2009 
 

Globe Specialty Metals, Inc. Prices U.S. 
Initial Public Offering of Common Stock 
 
 
New York, New York - July 30, 2009 - Globe Specialty Metals, Inc. (the 
"Company") announced the initial public offering in the United States of 
14,000,000 shares of its common stock at $7.00 per share. The shares will begin 
trading on The NASDAQ Global Select Market on July 30, 2009 under the ticker 
symbol "GSM."  Of the shares being offered, 5,600,000 are being offered by the 
Company and 8,400,000 are being offered by selling stockholders. The 
underwriters have the option to purchase from certain selling stockholders up to 
an additional 2,100,000 shares of common stock, on the same terms and 
conditions, to cover over-allotments, if any. 
The Company expects to use approximately $20 million to $30 million of the net 
proceeds from the offering for capital expenditures intended to improve 
operating efficiencies. It will use the remaining net proceeds for working 
capital and other general corporate purposes, which may include the acquisition 
of other businesses, products or technologies. The Company will not receive any 
of the proceeds from the offering of the common stock by the selling 
stockholders. 
Credit Suisse Securities (USA) LLC, Jefferies & Company, Inc. and J.P. Morgan 
Securities Inc. are acting as joint book-running managers of the offering.The 
offering of these securities is being made only by means of a prospectus, copies 
of which may be obtained from Credit Suisse, Prospectus Department, One Madison 
Avenue, New York, NY, 10010 or by calling (800) 221-1037, from Jefferies & 
Company, 520 Madison Avenue, 16th Floor, New York, NY, 10022 or by calling (212) 
284-2342, or from J.P. Morgan, National Statement Processing, Prospectus 
Library, 4 Chase Metrotech Center, CS Level, Brooklyn, New York, 11245 or by 
calling (718) 242-8002. 
A registration statement relating to these securities has been declared 
effective by the U.S. Securities and Exchange Commission. This press release 
does not constitute an offer to sell or a solicitation of an offer to buy the 
securities described above, nor shall there be any sale of such shares of common 
stock in any state or jurisdiction in which such offer, solicitation, or sale 
would be unlawful prior to registration or qualification under the securities 
laws of any such state or jurisdiction. 
About the Company 
Globe Specialty Metals, Inc. is among the world's largest producers of silicon 
metal and silicon based specialty alloys, critical ingredients in a host of 
industrial and consumer products. Customers include major silicone chemical, 
aluminum and steel manufacturers, auto companies and their suppliers, ductile 
iron foundries, manufacturers of photovoltaic solar cells and computer chips, 
and concrete producers. The Company is headquartered in New York City. 
 
 
This press release contains forward-looking statements. You should not place 
undue reliance on those statements because they are subject to numerous 
uncertainties and factors relating to our operations and business environment, 
all of which are difficult to predict and many of which are beyond our control. 
Forward-looking statements include information concerning our possible or 
assumed future results of operations, including descriptions of our business 
strategy. These statements often include words such as "may," "will," "should," 
"believe," "expect," "anticipate," "intend," "plan," "estimate" or similar 
expressions. These statements are based on assumptions that we have made in 
light of our experience in the industry as well as our perceptions of historical 
trends, current conditions, expected future developments and other factors we 
believe are appropriate under the circumstances. Although we believe that these 
forward-looking statements are based on reasonable assumptions, you should be 
aware that many factors could affect our actual financial results or results of 
operations and could cause actual results to differ materially from those in the 
forward-looking statements. These factors are discussed in the "Risk Factors" 
and "Management's Discussion and Analysis of Financial Condition and Results of 
Operations" sections and elsewhere in the Company's registration statement. 
 
 
You should keep in mind that any forward-looking statement made by us herein, or 
elsewhere, speaks only as of the date on which we make it. New risks and 
uncertainties come up from time to time, and it is impossible for us to predict 
these events or how they may affect us. We have no obligation to update any 
forward-looking statements after the date hereof, except as required by federal 
securities laws. 
Important Notice 
Collins Stewart Europe Limited, which is authorized and regulated in the United 
Kingdom by the Financial Services Authority, is acting as nominated adviser to 
Globe Specialty Metals, Inc. and will not be responsible to anyone other than 
the Company for providing the protections afforded to clients of Collins Stewart 
Europe Limited nor for providing advice in connection any other matter referred 
to herein. 
 
 
Contact: 
Malcolm Appelbaum 
Chief Financial Officer 
(212) 798-8123 
mappelbaum@glbsm.com 
 
 
 
 
Collin Stewart Europe Limited 
Mark Dickenson/Adam Cowen 
+44 (0) 207 523 8350 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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