US: Titan Cement has announced that its subsidiary, Titan America, has launched its initial public offering (IPO) of 24 million common shares, comprising 9 million new shares to be issued and 15 million existing shares to be sold. The IPO is expected to price between US$15-18 per share.
Following completion, Titan Cement will retain 160,362,465 shares, representing 87% ownership of Titan America.
