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



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Shell’s floating LNG unit arrives in Australia

MELBOURNE, AUSTRALIA: Shell Australia, an Australian subsidiary of Royal Dutch Shell plc, confirmed that its Prelude floating liquefied natural gas (F ...

Read more
PPG announces appointment of two executives

PITTSBURGH, US: PPG Industries Inc (PPG) said that it has appointed two executives, effective immediately. Roald Johannsen, currently vice president ...

Read more
Canpotex signs potash supply contracts with Chinese customers

SASKATOON, CANADA: Canpotex, a short for Canadian Potash Exporters confirmed that it has signed new potash supply contracts with its Chinese customers ...

Read more
HIG Capital sells Cornerstone Chemical to Littlejohn

MIAMI, US: HIG Capital (HIG), a leading global private equity investment firm said that one of its affiliates has entered into a definitive agreement ...

Read more
RPM acquires polymer flooring manufacturer in US

MEDINA, US: RPM International Inc (RPM) said that it has acquired Key Resin Company, a manufacturer of polymer flooring and coating systems. It w ...

Read more
Covestro extends distribution partnership with Mito Polimeri, Plastotecnica

LEVERKUSEN, GERMANY: Covestro AG has renewed the long-standing contracts with its partners Mito Polimeri and Plastotecnica for the distribution of hig ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X