Trinseo begins trading on NYSE

RUBBER & PLASTICS NEWS

Published: June 16, 2014 11:42 am ET
Updated: June 16, 2014 11:45 am ET

Related to this story

Topics Materials, Materials Suppliers

Trinseo SA, which includes plastics units still operating under the Styron name, has seen a slight rise in its share price during its first week on the New York Stock Exchange.

Trinseo, with the stock ticker of TSE, entered the stock exchange on June 12 with 10 million ordinary shares priced at $19 per share.

By mid-day on June 16, it was selling at $20.35.

Underwriters will have a 30-day option to purchase up to an additional 1.5 million shares from Trinseo at the IPO price less then underwriting discount, the firm said.

The offering will be made only by means of a prospectus, the firms said.

Goldman, Sachs & Co., Deutsche Bank Securities Inc., Citigroup and Morgan Stanley & Co. L.L.C. are acting as joint book-running managers and the representatives of the underwriters, Trinseo said.

Barclays Capital Inc., BofA Merrill Lynch, HBSC Securities Inc. and Jefferies L.L.C. are acting as book-running managers, Berwyn, Pa.-based Trinseo said.

Mizuho Securities USA Inc., Scotia Capital Inc., SMBC Nikko Securities America Inc. and Wells Fargo Securities L.L.C. are acting as co-managers of the offering, Trinseo said.

Trinseo is a global materials company and manufacturer of plastics, latex and rubber. It is used in the home appliances, automotive, building and construction, carpet, consumer electronics, consumer goods, electrical and lighting, medical, packaging, paper and paperboard, rubber goods, and tire industries.

Trinseo began as Styron, and has announced plans to change the name of all Styron affiliated companies to Trinseo. Styron companies that have not completed the name-changing process at the start of the public trading will continue to do business as Styron until their respective name changes are complete, Trinseo said.

Trinseo said Styron’s operating companies currently continue to do business as Styron.


Comments

Trinseo begins trading on NYSE

RUBBER & PLASTICS NEWS

Published: June 16, 2014 11:42 am ET
Updated: June 16, 2014 11:45 am ET

Post Your Comments


Back to story


More stories

Image

EPA sets new rule for phthalate DnPP

December 24, 2014 11:25 am ET

A federal agency has issued new regulations for a phthalate used in PVC production.    More

Image

European polymer firms may face more pressure from US shale

December 24, 2014 9:57 am ET

InterBulk Group plc, the publicly-traded logistics group, has warned that European polymer markets would continue to come under pressure from new...    More

Image

Patents the springboard for Aussie company to play on global stage

December 22, 2014 4:19 pm ET

Obtaining patents on its technology is helping an Australian manufacturer of compostable and biodegradable plastic resins becoming a leading player...    More

Image

Swedish compounder makes first North American plastics acquisition

December 22, 2014 10:19 am ET

Swedish rubber compounder Hexpol AB has made its first North American plastics acquisition, buying the plastics compounding business of RheTech Inc....    More

China's Jinming honored as global partner by ExxonMobil

December 22, 2014 12:08 pm ET

Guangdong Jinming Machinery Co. Ltd. has been recognized as a global strategic development partner by ExxonMobil Chemical Co.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events