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Stockton company planning to raise £360m by floating on the New York Stock Exchange

written by Bella Palmer
ipo

North East paint company Venator Materials is planning to raise $477m (£360.5m) by floating on the New York Stock Exchange.

Venator, which is set to spin out from parent company Huntsman Corporation, makes a range of pigments and additives used in paints and has offices around the world. Huntsman is known for its success overseas and was named Medium and Large Exporter of the Year in the 2016 North East Exporters’ Awards.

In total the firm employs around 4,500 people worldwide and sells its products in more than 110 countries.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Stockton company company Venator Materials

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