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Ryerson Announces Pricing of Initial Public Offering

CHICAGO, Aug. 7, 2014 /PRNewswire/ -- Ryerson Holding Corporation ("Ryerson"), one of North America's largest processors and distributors of metals, today announced the pricing of its initial public offering of 11,000,000 shares of its common stock at a price to the public of $11.00 per share.  The selling stockholders named in the registration statement have granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares in connection with the offering.  The shares are expected to begin trading on the New York Stock Exchange on August 8, 2014 under the ticker symbol "RYI."

BofA Merrill Lynch, Deutsche Bank Securities, BMO Capital Markets, J.P. Morgan and Jefferies are acting as joint book-running managers for the offering. Wells Fargo Securities, KeyBanc Capital Markets and Citigroup are acting as lead managers and Stephens Inc., Macquarie Capital and Evercore are acting as co-managers for the offering.  This offering is being made only by means of a prospectus.  Copies of the prospectus relating to this offering may be obtained from: BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attention: Prospectus Department or by emailing [email protected]; Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005-2836, telephone: 800-503-4611, or by emailing: [email protected]; or BMO Capital Markets, 3 Times Square, New York, NY 10036, Attention: Equity Syndicate Department, telephone: (800) 414-3627, email: [email protected]

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on August 7, 2014. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Ryerson Holding Corporation

Ryerson Holding Corporation is a leading North American processor and distributor of metals, with operations in the United States, Mexico, Canada, China and Brazil. The company serves several industries including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery. Founded in 1842, Ryerson is headquartered in the United States and employs approximately 4,000 employees in more than 100 locations.

Forward-Looking Statements

This release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the use of forward-looking terminology such as "believes," "expects," "intends," "may," "estimates," "will," "should," "plans" or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Moreover, we caution you not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. We do not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE Ryerson Holding Corporation

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