Huntsman Launches Venator Spinoff IPO
On Monday, July 24, 2017, The Woodlands chemical giant Huntsman announced it had launched the initial public offering to spin off Venator Materials as a new company.
As part of the nearly $500 million IPO, Huntsman, a specialty chemical company, is offering 22.7 million shares of Venator at $20 to $22 per share. The new pigments and additives company will trade under the “VNTR” stock ticker on the New York Stock Exchange.
Venator is a Latin word for “hunter” — a play off of the Huntsman family name. Huntsman said the new Venator would focus largely on the titanium dioxide chemical, called TiO2, which is used as a pigment for everything from food coloring and paints to coatings and sunscreen.
Kohl Marketing, Inc. has proudly represented Huntsman, now Venator, as a Distributor and Agent for more than 25 years.