Titan america announces launch of initial public offering

Norfolk, va.--(business wire)--titan america sa (“titan america”), a subsidiary of titan cement international sa and parent company of its u.s. operations, today launched a roadshow for its initial public offering (“ipo”) of 24,000,000 common shares. the ipo consists of 9,000,000 new common shares to be issued and sold by titan america and 15,000,000 existing common shares to be sold by titan cement international sa. titan cement international sa expects to grant the underwriters a 30-day optio.
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