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

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Image

Dow sees solid second quarter performance

July 29, 2014 11:19 am ET

Dow Chemical Co. has reported its second quarter figures, with its seventh consecutive quarter of growth, according to the company.More

Image

Evonik sells polyimide foams operation to Boyd

July 29, 2014 10:46 am ET

Modesto, Calif.-based Boyd Corp., a manufacturers of specialty material and sealing agents, has purchased Evonik Industries’...    More

Image

Formosa to be compensated for Vietnam riot

July 28, 2014 1:44 pm ET

Taiwan's Formosa Plastics Group will receive $2.39 million from the Vietnamese government and insurance companies for damages suffered during the anti...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events