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Markets :: Plastics :: Polystyrene
Trinseo launches $180-million IPO
12:17 PM MDT | June 6, 2014 | Vincent Valk
Trinseo, formerly Styron, today launched an initial public offering, aiming to raise $170–190 million through the sale of 10 million common shares. The company has also applied to have its shares listed on the New York Stock Exchange under the symbol TSE. Trinseo filed for an IPO in March. About 21% of the company's shares will be public after the IPO. Trinseo is Dow Chemical’s former styrenics business, which was acquired by private equity firm Bain Capital (Boston) in 2010 for $1.63 billion. Bain owns 89.5% of the company, with Dow owning 6.8% and...
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