Titan America SA (TTAM) Closes $136.8M IPO

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Go back to Titan America SA (TTAM) Closes $136.8M IPO

Titan America Announces Closing of Initial Public Offering

February 10, 2025 11:01 AM EST

NORFOLK, Va.--(BUSINESS WIRE)-- Titan America SA (Titan America), a subsidiary of Titan Cement International SA and parent company of its U.S. operations, today closed its initial public offering (IPO) of 24,000,000 common shares at a price to the public of $16.00 per share. The IPO consists of 9,000,000 new common shares issued and sold by Titan America and 15,000,000 existing common shares sold by Titan Cement International SA. Titan Americas common shares began trading on the New York Stock Exchange under the ticker symbol TTAM on February 7, 2025.

Titan America received net proceeds of approximately $136,800,000 million, after deducting underwriting discounts and... More