OCI Resources sets terms for $100 million IPO

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OCI Resources LP, a trona ore mining and soda ash production business of OCI Chemical, announced terms for its IPO on Tuesday. The Atlanta, GA-based company plans to raise $100 million by offering 5.0 million shares at a price range of $19 to $21. At the midpoint of the proposed range, OCI Resources LP would command a market value of $399 million. OCI Resources LP, which was founded in 2013 and booked $446 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol OCIR. OCI Resources LP initially filed confidentially on May 9, 2013. Citi and Goldman Sachs are the joint bookrunners on the deal.

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This article appears in: News Headlines , IPOs


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