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Nouryon Announces Confidential Submission of Draft Registration Statement for Proposed IPO

The initial public offering is expected to commence after the SEC completes its review process.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Nouryon announced that Nouryon B.V., an affiliated entity that is expected to become the parent company of the Nouryon group, has confidentially submitted a draft registration statement on Form F-1 with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its ordinary shares.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. Nouryon expects to use the proceeds of the offering for general corporate purposes, which may include the repayment of indebtedness. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.

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