Venator Materials IPO: What Investors Need to Know
Next week's big IPO is that of pigments and additives specialist Venator Materials, which aims to raise up to $477 million in gross proceeds from the issue. Venator Materials is a spin-off of sprawling chemicals company Huntsman (NYSE: HUN), which will retain a strong majority stake after the IPO. Let's open the can on Venator Materials and see what's inside.
Huntsman has considered hiving off what is now Venator (the Latin word for "Hunter," by the way) since 2013, when it bulked up its pigments business by agreeing to a $1.1 billion acquisition of Rockwood Holdings' performance additives and titanium dioxide assets. An ambition to bundle these operations into a new company, to be floated in an IPO within two years, never came to fruition.
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Source: Fool.com
Huntsman Corp. Stock
Currently there is a rather positive sentiment for Huntsman Corp. with 3 Buy predictions and 1 Sell predictions.
As a result the target price of 26 € shows a slightly positive potential of 18.18% compared to the current price of 22.0 € for Huntsman Corp..
