{"id":4128,"date":"2018-04-13T09:08:39","date_gmt":"2018-04-13T13:08:39","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4128"},"modified":"2018-04-13T09:08:39","modified_gmt":"2018-04-13T13:08:39","slug":"graftech-international-ltd-eaf-ipo-preview","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/graftech-international-ltd-eaf-ipo-preview\/","title":{"rendered":"GrafTech International Ltd. ($EAF) #IPO Preview"},"content":{"rendered":"

\"EAF\"<\/a><\/p>\n

Company: GrafTech International Ltd<\/strong>.
\nSymbol: EAF
\nDescription: They are a leading manufacturer of high quality graphite electrode products essential to the production of electric arc furnace (or EAF) steel and other ferrous and non-ferrous metals.
\nTrade Date: 4\/19
\nShares: 37.8 million
\nPrice Range: $21.00-$24.00
\nUnderwriter(s): J.P. Morgan, Credit Suisse, Citigroup, RBC Capital Markets, HSBC
\nCo-Manager(s): BMO Capital Markets, BNP PARIBAS, CIBC Capital Markets, National Bank Financial
\nTerms Added: 4-4-18<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>: They believe that they have the most competitive portfolio of low-cost graphite electrode manufacturing facilities in the industry, including three of the five highest capacity facilities in the world (excluding China). They are the only large scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, the primary raw material for graphite electrode manufacturing, which is currently in limited supply. This unique position provides them with competitive advantages in product quality and cost. Founded in 1886, they have over 125\u00a0years of experience in the research and development (or R&D) of graphite- and carbon-based solutions, and their intellectual property portfolio is extensive. They currently have graphite electrode manufacturing facilities in Calais, France, Pamplona, Spain, Monterrey, Mexico and St.\u00a0Marys, Pennsylvania. Their customers include major steel producers and other ferrous and non-ferrous metal producers in Europe, the Middle East and Africa (or EMEA), the Americas and Asia-Pacific (or APAC), which sell their products into the automotive, construction, appliance, machinery, equipment and transportation industries. Their vision is to be the lowest cost, highest quality producer of graphite electrodes while providing the best customer service. Based on the high quality of their graphite electrodes, reliability of their petroleum needle coke supply and their excellent customer service, they believe that they are viewed as the preferred supplier to the global EAF steel producer market.<\/p>\n

Financials:\u00a0<\/strong>\u00a0Their net sales were $533.0 million, $438.0 million, and $550.8 million, and their net income (loss) was ($154.2 million), ($235.8 million), and $8.0 million in 2015, 2016, and 2017, respectively. They currently expect to pay a quarterly cash dividend of $0.085 per share following the completion of this offering, or an aggregate of $0.34 per share on an annualized basis, for a 1.5% annual return, based on the midpoint of the offering price.<\/p>\n

\"Screen<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: GrafTech International Ltd. Symbol: EAF Description: They are a leading manufacturer of high quality graphite electrode products essential to the production of electric arc furnace (or EAF) steel and other ferrous and non-ferrous metals. Trade Date: 4\/19 Shares: 37.8 million Price Range: $21.00-$24.00 Underwriter(s): J.P. Morgan, Credit Suisse, Citigroup, RBC Capital Markets, HSBC Co-Manager(s):[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1493],"class_list":["post-4128","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-eaf"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=4128"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4128\/revisions"}],"predecessor-version":[{"id":4131,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4128\/revisions\/4131"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}