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Business

Univar Declares IPO Success

by Alexander H. Tullo
June 29, 2015 | APPEARED IN VOLUME 93, ISSUE 26

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Credit: Alex Tullo/C&EN
A Univar banner beckons from the New York Stock Exchange.
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Credit: Alex Tullo/C&EN
A Univar banner beckons from the New York Stock Exchange.

The chemical distributor Univar has completed its initial public offering on the New York Stock Exchange at a price of $22.00 per share. The company sold $440 million worth of its own shares. Private equity shareholders sold an additional $445 million of their shares. Additionally, Temasek Holdings, a Singaporean government sovereign wealth fund, bought $350 million worth of Univar stock in a private placement.

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