Chemspec Int'l (CPC) Files $100M IPO

May 26, 2009 5:16 PM EDT

In a Form F-1, Chemspec International Limited (NYSE: CPC) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $100 million. The company plans to list on the NYSE under the symbol "CPC".

The offering is being made through Credit Suisse, Citi, Oppenheimer & Co. and Piper Jaffray.

Chemspec is a China-based contract manufacturer of highly engineered specialty chemicals. In particular, the company is the largest manufacturer of fluorinated specialty chemicals in China based on sales with a share of approximately 21% and 25% of the Chinese market in 2007 and 2008, respectively, according to a commissioned report prepared by Frost & Sullivan.


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