Steel tube marker Zekelman Industries postpones planned IPO

Steel tube maker Zekelman Industries has postponed its planned initial public offering due to macroeconomic concerns, according to Renaissance Capital, a provider of institutional research and IPO-themed ETFs. The company had filed to raise $752 million by offering 41.8 million shares priced at $17 to $19 each. Chicago-based Zekelman was planning to list on the New York Stock Exchange under the ticker symbol "ZEK."

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