Injection Moulding/Hot Runners Milacron announces pricing of its initial public offering
USA - Milacron Holdings announced the pricing of its initial public offering of 14,285,714 shares of its common stock at a price to the public of $20.00 per share.
After announcing its plans to go public in April this year, Milacron, a global leader in the manufacture, distribution and service of engineered and customised systems within the plastic technology and processing industry, yesterday released the price for all of the shares of common stock in the offering. All 14,285,714 shares will be offered for $20.00 per share.
In addition, Milacron has granted the underwriters a 30-day option to purchase up to an additional 2,142,857 shares of common stock. Milacron’s common stock is expected to begin trading on the New York Stock Exchange on June 25, 2015 under the ticker symbol MCRN, the company said.
The Cincinnati-based company filed a Form S-1 with the US Securities and Exchange Commission on 3 April. Form S-1 is a Securities and Exchange Commission (SEC) filing used by companies planning on going public to register their securities with the US.