Titan america announces closing 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 closed its initial public offering (“ipo”) of 24,000,000 common shares at a price to the public of $16.00 per share. the ipo consists of 9,000,000 new common shares issued and sold by titan america and 15,000,000 existing common shares sold by titan cement international sa. titan america's common shares began trading on the new york st.
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