Davis Polk & Wardwell LLP advised Credit Suisse Securities (USA) LLC, Jefferies & Company, Inc. and J.P. Morgan Securities Inc. as joint book-running managers in connection with the $98 million initial public offering of 14,000,000 shares of common stock of Globe Specialty Metals, Inc. (Globe), of which 5,600,000 shares were sold by Globe and 8,400,000 shares were sold by selling stockholders. The shares are listed on the Nasdaq Global Select Market under the symbol “GSM.”

Globe is among the world's largest producers of silicon metal and silicon-based specialty alloys, critical ingredients in a host of industrial and consumer products. Customers include major silicone chemical, aluminum and steel manufacturers, auto companies and their suppliers, ductile iron foundries, manufacturers of photovoltaic solar cells and computer chips, and concrete producers. Globe is headquartered in New York City.

The Davis Polk corporate team included partner Michael Kaplan and associates Byron B. Rooney and Shanelle van der Berg (not yet admitted). Partner Gail A. Flesher and associate Hayden Baker provided environmental advice. Partner Mario J. Verdolini and associate Kevin J. Brogan provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Gwendolyn P. Ranada and Sorina Delia Lazar were the legal assistants on the transaction. All members of the Davis Polk team are based in the New York office.