Cement News tagged under: IPO

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Titan America to be listed in US equity market

13 May 2024, Published under Cement News

Titan Cement International has announced its intention to proceed with the IPO of its US business ( Titan America ), with the aim of raising funds that will facilitate the group’s and Titan America’s future growth. Titan America, a US$1.6bn sales business, is a leading and fully integrated player in the high-growth economic regions of the US East Coast, with operations and leading market positions across Florida, the Mid-Atlantic, and Metro New York/New Jersey. According to the company...

Doğu Anadolu Cement starts trading on Borsa Istanbul

21 February 2024, Published under Cement News

Having completed the public offering for Doğu Anadolu Cement, Turkey-based Limak Holding  reports that the company will begin trading on Borsa Istanbul on 22 February 2024. Approximately 3.3m investors applied to own the shares in the initial public offering (IPO) of Limak Doğu Anadolu Cement, which took place between 14-16 February. With the intense interest shown, demand reached 4.4 times the offering. The IPO was expected to raise more than TRY2.5bn (US$80.87m). Founded in 1986, th...

JSW Cement prepares for IPO

11 January 2024, Published under Cement News

JSW Cement has reached out to domestic and foreign investment banks including SBI Capital, Kotak Mahindra Capital, JM Financial, DAM Capital, Jefferies, Citi and Goldman Sachs for advising the company on the proposed initial public offering. JSW Group is preparing the ground for listing its cement business on stock exchanges to raise about INR65000m (US$782.9m), according to The Hindu businessline. With the intense competition and consolidation in the industry, JSW Cement plans to utili...

Cementos Argos to list US business on NYSE

09 December 2021, Published under Cement News

Cementos Argos plans to list its US business on the New York Stock Exchange after several months of analysis. The company will be listed through an initial public offering registered under the rules of the US Securities Exchange Commission (SEC) and will implemented once the structuring process has been completed, in compliance with applicable US regulations. The cement producer will aim to improve the share price for partners and optimise the capital structure. As a result, Cementos Arg...

Penna Cement receives approval for IPO

19 October 2021, Published under Cement News

India’s Penna Cement has received approval from the Securities and Exchange Board of India for its INR15.5bn (US$206.56m) initial public offering. The IPO includes a fresh issue of INR13bn and an offer for sale of up to INR2.5bn by promoter PR Cement Holdings, which holds a 33.41 per cent stake in the company. The fresh capital is expected to be used for the repayment of borrowings and to fund an expansion project.

Emami Cement files IPO prospectus

15 October 2018, Published under Cement News

Emami Cement has filed a prospectus with market regulator Sebi to raise up to INR10bn through an IPO, according to a document on issue manager manager Axis Capital’s website. "The Initial Public Offering of equity shares of face value INR10 each of Emami Cement Ltd for cash. The offer comprises of a fresh issue of equity shares aggregating up to INR500cr and an offer for sale (OFS) of equity shares aggregating up to INR500cr," it states. The IPO will include shares offered by founders gr...

Dangote Cement

22 February 2018, Published under Cement News

Dangote Cement has reportedly revived plans for an Initial Public Offering (IPO) sale in London, according to Bloomberg. The move could raise as much as US$1bn for the cement producer. Investment banks have apparently been contacted regarding the potential UK listing, but it could take around five months to complete the process once the banks have been officially appointed. Dangote is also rumoured to be considering a debut Eurobond although the company has not yet confirmed either dev...


03 October 2014, Published under Cement News

HeidelbergCement has filed for a potential IPO of Hanson Building Products Ltd, the concrete and clay building products activities in Great Britain, the United States and Canada. No timeframe has been indicated as yet and this business could still become the subject of an industrial sale.  

Summit Materials in line for cement IPO?

01 October 2014, Published under Cement News

Summit Materials LLC, which is co-founded by Blackstone Group LP, is preparing an initial public offering (IPO) this year as concrete deals intensify, according to sources quoted by Bloomberg. The sharesale will be manage by Goldman Sachs Group Inc and Citigroup Inc and it is expected that the Denver-based cement company could be valued at about US$2.5bn in the IPO. Summit Materials was formed about five years ago by CEO Tom W Hill, previously North American head of building materials...

Hanson Building Products files for IPO

16 September 2014, Published under Cement News

HeidelbergCement announced that its subsidiary, Hanson Building Products Ltd, has filed a registration statement with the US Securities and Exchange Commission for a potential initial public offering (IPO) of its ordinary shares. The move is part of HeidelbergCement’s plan to divest a significant portion of its building products business in North America and the UK. The number of shares to be offered and the price range for the potential offering have not yet been determined, HeidelbergCeme...