Metroglass, Scales likely to get over the line as instos peruse offers

Thu, 03 Jul 2014

By Jonathan Underhill July 3 (BusinessDesk) - Metro Performance Glass and Scales Corp, seeking to raise a combined total from selling shares of about $460 million, are likely to succeed in their public offerings, investors say. Matthew Goodson, who helps manage $650 million at Salt Funds Management, said his firm has rejected investing in two other IPOs in the current pipeline but has managed to arrive at a valuation for Metroglass and Scales. "I think they will both get up," he said. "IPO businesses are not seasoned in public view....

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