Venator Materials has registered an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company intends to price its 22.7 million shares in the range of $20 to $22 apiece, with an overallotment option for an additional 3.4 million shares. At the maximum price, the entire offering is valued up to $574.31 million.
After the completion of this offering, Huntsman will continue to control a majority of the voting power of the ordinary shares. As a result, Venator will be a “controlled company.” It intends to list its shares on the New York Stock Exchange under the symbol VNTR.
The underwriters in this offering are Citigroup, Goldman Sachs, Merrill Lynch, JPMorgan, Barclays, Deutsche Bank, UBS Investment Bank, RBC Capital Markets, Moelis, HSBC, Nomura, SunTrust Robinson Humphrey, Academy Securities and Commerzbank.
This leading global manufacturer and marketer of chemical products intends to improve the quality of life for downstream consumers and promote a sustainable future. Its products comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life and reduce energy consumption.
The company markets its products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of its TiO2 business, and Performance Additives, which consists of its functional additives, color pigments, timber treatment and water treatment businesses.
Venator is a leading global producer in many of these key product lines, including TiO2, color pigments and functional additives, a leading North American producer of timber treatment products and a leading European producer of water treatment products. It operates 27 facilities, employs approximately 4,500 associates worldwide and sells its products in more than 110 countries.
For the 12 months ended March 31, 2017, it had total pro forma revenues of $2,136 million.
The company will not receive any proceeds from this offering.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
