Titan Cement International SA has announced that its US business subsidiary, Titan America SA has filed a registration statement on Form F-1 with the United States Securities and Exchange Commission (SEC). The IPO is planned to consist of a primary offering by Titan America, as well as a secondary sale by Titan Cement International SA.
The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or other terms of the offering. Titan America has applied to list its common shares on the New York Stock Exchange under the ticker symbol TTAM.
Citigroup and Goldman Sachs & Co LLC are acting as joint lead book-running managers for the proposed offering. BofA Securities, BNP Paribas, Jefferies, HSBC, Société Generale and Stifel are acting as bookrunners for the proposed offering.
The proposed offering will be made only by means of a prospectus under the United States Securities Act of 1933, as amended.
