Edgen Group (EDG) Prices 15M IPO at $11/Share

Edgen Group Inc. (NYSE: EDG) today announced the pricing of its initial public offering of 15,000,000 shares of its Class A common stock at a price to the public of $11.00 per share.

This is a primary offering of shares of Class A common stock by Edgen.

Jefferies & Company, Inc., Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are serving as joint book-running managers and Stephens Inc., Tudor Pickering Holt & Co. Securities, Inc., BB&T Capital Markets and HSBC Securities (USA) Inc. are serving as co-managers for this offering. The closing of the offering is expected to occur on May 2, 2012, subject to the satisfaction of customary closing conditions. The underwriters will be granted a 30-day option to purchase an additional 2,250,000 shares of Class A common stock from Edgen, on the same terms and conditions, to cover over-allotments, if any.

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