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OCI Resources files for a $115 million IPO

By: Renaissance Capital
Posted: 7/8/2013 3:53:00 PM
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OCI Resources LP, the trona ore mining and soda ash production business of OCI Chemical, filed on Monday with the SEC to raise up to $115 million in an initial public offering. OCI Resources LP was formed in 2013, but its predecessor has been operating since 1962. The Atlanta, GA-based company, which booked $463 million in sales for the fiscal year ended December 31, 2012, 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. No pricing terms were disclosed.