Venator announces pricing ordinary shares public offering

Venator announces pricing of ordinary shares for public offering

9:19 AM, 25th July 2017
Venator logo

STOCKTON ON TEES, UK: Venator Materials PLC (Venator), a subsidiary of Huntsman Corp has launched its initial public offering (IPO) of its ordinary shares, which will be listed on the New York Stock Exchange (NYSE) in August under the ticker symbol VNTR.

Venator global chemical company dedicated to the development and manufacture of titanium dioxide (TiO2) pigments and performance additives.

The initial public offering consists of 22,700,000 of its ordinary shares at an anticipated initial offering price between $20 and $22 per share, pursuant to a registration statement on Form S-1 (the Registration Statement) filed previously with the Securities and Exchange Commission (SEC).

All of the ordinary shares will be sold by Huntsman, and Venator will not receive any proceeds from the offering. Huntsman intends to grant the underwriters a 30-day option to purchase up to an additional 3,405,000 ordinary shares. 

Citigroup, Goldman Sachs & Co LLC, BofA Merrill Lynch and J P Morgan are acting as lead book-running managers for the offering.

© Worldofchemicals News

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