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

Compounding products and services

November 24, 2014 9:47 am ET

   More

Image

Dow reaches agreement with Third Point

November 21, 2014 9:11 am ET

Dow Chemical Co. has reached an agreement with the investment firm that has been trying to force the company to sell off some assets.More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Image

Silica can replace plastic microbeads

November 19, 2014 6:00 am ET

As cosmetics and soap makers face pressure to remove plastic microbeads from their products, Evonik Industries touts its new silica-based microbeads a...    More

Market Reports

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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