B.R. company plans IPO

Edgen Group Inc., a worldwide distributor of energy sector products based in Baton Rouge, has filed a proposal with the U.S. Securities and Exchange Commission for an initial public stock offering. The number of shares to be offered and the price range for the offering have not yet been determined. The registration statement has not yet become effective. Edgen would have posted a $3.6 million loss on revenues of $1.2 billion through the first three quarters of this year if it had been publicly traded, according to its filing with the SEC, which you can see here. Jefferies & Company, Morgan Stanley & Co. and Citigroup Global Markets are serving as the joint book-running managers for the offering. Edgen intends to apply to list its common stock on the New York Stock Exchange under the symbol “EDG.”