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News Titan Group expects to generate US$365m from initial public offering in the US

Titan Group expects to generate US$365m from initial public offering in the US

Written by Global Cement staff 07 February 2025
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US: Titan Group expects to generate US$365m from the initial public offering (IPO) of its subsidiary Titan America. The latter company has priced its IPO of 24 million common shares at US$16/share. The IPO is expected to close on 10 February 2025, subject to customary closing conditions.

Titan America expects to receive net proceeds of approximately US$137m from the IPO. Some of these funds will be used to support investments in technologies, the company’s growth strategy and acquisitions. Parent company Titan Cement International expects to generate US$228m. Following completion, Titan Cement will retain a 87% share of Titan America.

Last modified on 12 February 2025
Published in Global Cement News
Tagged under
  • US
  • Greece
  • Americas
  • Titan Cement
  • Titan America
  • Titan Cement
  • IPO
  • Shares
  • GCW696
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