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Chemical Week Magazine :: Business & Finance :: United States/Americas

Bain Capital’s Styron Files for $400-Million IPO

3:18 PM MDT | July 11, 2011 | —Vincent Valk and Kerri Walsh

Pappas: Styron, soon Trinseo, seeks listing. Styron has filed with U.S. regulators for a proposed initial public offering (IPO), seeking to raise as much as $400 million. The filing is under the name Trinseo, which will be the name of the company by the end of this year. The number of shares to be offered, price range, and timing have not been determined. Styron is controlled by private-equity firm Bain Capital (Boston), which purchased it from Dow Chemical last year for $1.63 billion. Bain currently owns 92% of Styron, Dow retains a 7% stake, and company...

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