Univar Inc., priced its initial public offering at $22 per share on Wednesday, valuing the U.S. chemical distributor at about $3.03 billion. Reuters reported.
The IPO raised $770 million, after the initial public offering of 35 million shares was priced at the top end of the expected price range.
Univar said it would sell 20 million shares and certain other stockholders will sell 15 million shares.
The company, one of the largest chemical distributors in North America, expected the IPO to be priced between $20 and $22 per share.
Univar first announced in a June 2014 filing that it had planned to go public.
Univar is controlled by private-equity firms Clayton, Dubilier & Rice LLC and CVC Capital Partners LP.
PCT will provide additional reporting on this development as more details become available.
Latest from Pest Control Technology
- VM Products Introduces Front Lock Option to EZ Secured
- Cascade Pest Control Expands to Idaho
- Slug-A-Bug Announces Executive Promotions of Lum, Zace and Hadad
- Target Specialty Products Announces 'B&G Latest Innovations' Webinar
- Envu Launches Horizon Advantage Lawn Program
- Modern Pest Services Releases Survey Results of Household Pest Myths and Misconceptions
- Andrew McGinty Promoted to COO of LIPCA
- Massey Services Promotes Kopplow to Regional Manager
