July 14 Carbon black producer Orion Engineered
Carbons S.A. filed for a U.S. IPO that could raise about $432
Private equity investors Triton Capital and Rhone Group each
own 41.83 percent of the company through Kinove Holdings, the
filing said. (1.usa.gov/1nzBouC)
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.
(Reporting by Amrutha Gayathri in Bangalore; Editing by Don