Graftech International prices IPO at $15 a share, below $21 to $24 price range

Graftech International Ltd. priced its initial public offering at $15 a share, well below its price range of $21 to $24, according to Nasdaq. The maker of graphite electrodes used in steel priced the deal as President Donald Trump threatens tariffs on steel imports, a move that was expected to help the business. The company sold 35 million shares to raise $525 million, fewer than the 37.8 million originally earmarked. The stock will start trading on the New York Stock Exchange later Thursday under the ticker symbol "EAP."