BERWYN, Pa.—Trinseo S.A. will make an initial public offering of 10 million of its ordinary shares at $19 per share.
The shares began trade under the trading symbol TSE on the New York Stock Exchange on June 12, according to the NYSE's website.
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, 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 used to be operating as Styron, who announced plans to change the name of all Styron affiliated companies to Trinseo. Styron companies that have not completed the name-changing process 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.