Vimetco, a Dutch aluminium producer, has priced shares for its public offering in the middle of its indicated range, which will raise up to $593m (€432m), despite concerns in the metals sector after two deals were postponed in the past three weeks.

Vimetco priced global depositary reciepts in the middle of its range at $9, implying a market capitalisation of $2bn. Morgan Stanley and Unicredit are arranging the offering.