Carbon black producer Orion files for U.S. IPO-Reuters


(Reuters) – Carbon black producer Orion Engineered Carbons S.A. filed for a U.S. IPO that could raise about $432 million.

Private equity investors Triton Capital and Rhone Group each own 41.83 percent of the company through Kinove Holdings, the filing said.

Kinove, which own 89.69 percent of Orion, will sell 18 million common shares, expected to be priced $21 to $24 each.

Morgan Stanley and Goldman, Sachs & Co are the lead underwriters of the offering, the Luxembourg-based company told the U.S Securities and Exchange Commission.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.