India, Feb. 6 -- Titan America SA, a subsidiary of Titan Cement International SA and parent company of its U.S. operations, said it priced its initial public offering of 24 million common shares at a price to the public of $16.00 per share.
The IPO consists of 9 million new common shares to be issued and sold by Titan merica and 15 million existing common shares to be sold by Titan Cement International SA.
Titan Cement International SA has granted the underwriters a 30-day option to purchase up to an additional 3.60 million common shares to cover over-allotments, if any, at the initial public offering price, less underwriting discounts and commissions.
Titan America's common shares are expected to begin trading on the New York Stock Exch...