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PQ seeks to raise $450 million in IPO

3:37 PM MST | February 24, 2014 | —Vincent Valk

Private-equity backed inorganic chemicals maker PQ earlier this month filed for an initial public offering that could raise as much as $450 million, according to SEC filings. The size of the stake to be sold and timing was not disclosed. PQ operates in three segments: sodium silicate and specialty silicas, silica and specialty zeolite-based catalysts, and glass materials. PQ says in the filing that it has leading positions in all core businesses, with a number-one or -two global position across 90% of its product line by volume. Carlyle Group (New York) took PQ...

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