Univar prices IPO of Common Stock and starts trading on NYSE
Chemical distributor Univar, Inc. (Downers Grove, IL – USA) yesterday announced that the IPO of its common stock will commence at a price of USD 22.00 per share.
Univar will sell 20’000’000 shares and certain of the shareholders will sell 15’000’000 shares in the offering. Within a 30-day period, the underwriters have the option to purchase up to an additional 5’250’000 shares of common stock from certain of the shareholders.
Source: Univar website
HGE – DCG / 18.06.2015
DistriConsult comment: The shares have begun trading on the New York Stock Exchange under the symbol UNVR at an opening price of USD 24.10 earlier today (Source: NYSE website at 19:45 CEST).