BWAY Prices Low IPO

BWAY Holding Co., an Atlanta-based manufacturer of rigid metal and plastic containers, raised $150.6 million via its IPO, by pricing 10.04 million common shares at $15 per share ($16-$18 range). The IPO values BWAY at approximately $324 million. It will trade on the NYSE under ticker symbol BWY, while Goldman Sachs and Banc of America served as co-lead underwriters. Kelso & Co. acquired BWAY in 2003, and sold around 40% of its shares as part of the IPO.