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Chemical Week Magazine :: Business & Finance :: United States/Americas
Trinseo completes $190-million NYSE initial public offering
9:48 AM MDT | June 13, 2014 | —Vincent Valk
Trinseo, formerly Styron, on 12 June completed its initial public offering, raising about $190 million through the sale of 10 million common shares. The company’s shares, which were initially priced at $19 each, are now 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...
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