New pigments and paints manufacturer Venator Materials goes public Thursday after spinning off from The Woodlands’ Huntsman Corp.
Venator’s initial public offering raised $454 million, which was at the bottom of the $20 to $22 per share asking price of 22.7 million shares. Venator will trade on the New York Stock Exchange under the “VNTR” stock ticker beginning Thursday morning.
Huntsman sold just 21 percent of Venator’s share, opting to hold onto nearly 80 percent of the company as a subsidiary. Huntsman plans to greatly…