Oaktree to capture proceeds of Neo Performance’s $272 mln IPO

Oaktree Capital, Neo Performance Group, Molycorp, private equity, IPO, bankruptcy
A front-end loader is used to move material inside the open pit at Molycorp’s Mountain Pass Rare Earth facility in Mountain Pass, California, on June 29, 2015. Photo courtesy Reuters/David Becker
Neo Performance Materials, an advanced-materials supplier that emerged from bankruptcy in 2016, priced its recently filed initial public offering in Canada. The Toronto company is looking to raise $236 million (C$300 million) by selling common shares at C$19 to C$22 ...

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