MPM Holdings has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were provided in the filing, but the offering is valued up to $100 million, although this number is normally just a placeholder. The firm plans to list its shares on the New York Stock Exchange under the symbol MPMH.

No underwriters mentioned in the filing as well.

This company, also known as Momentive, is one of the world’s largest producers of specialty silicones and silanes and a global leader in fused quartz and specialty ceramics products. It has a long track record of creating innovative products and solutions designed to meet the complex requirements of more than 4,000 customers in over 100 countries.

Its strategic network of 24 production sites and 12 R&D facilities supports its global leadership positions and facilitates its ability to serve a blue-chip customer base across a diverse array of consumer, automotive and various industrial end-markets.

In the filing, MPM said:

Net revenues, net loss and Segment EBITDA (a non-GAAP financial measure) for the six months ended June 30, 2017 were $1,138 million, $11 million, and $143 million, respectively, and for the year ended December 31, 2016 were $2,233 million, $163 million, and $238 million, respectively. See “—Summary Historical Consolidated Financial Data” for the definition of Segment EBITDA and a reconciliation of net loss to Segment EBITDA. For the last twelve months ended June 30, 2017, Momentive generated $2,249 million and $274 million of net revenue and Segment EBITDA, respectively, representing a Segment EBITDA margin of 12%.

The company intends to use the net proceeds from the offering for working capital and general corporate purposes.

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