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Styrenics maker Trinseo files for $200-million IPO
6:52 AM MDT | March 21, 2014 | —Vincent Valk
Trinseo, formerly Styron, filed for an initial public offering (IPO) to raise as much as $200 million 14 March. The exact date when Trinseo plans to sell its shares and the price and number of the shares have not been disclosed. Bain Capital (Boston) owns an 89.5% share in Trinseo, while Dow Chemical owns a 6.8% stake. Company management, including CEO Chris Pappas, owns the remaining 3.7%. Dow sold the styrenics business to Bain in 2010. Trinseo has four reporting segments—latex, synthetic rubber, styrenics, and engineered polymers—and recorded about...
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