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PQ Group Prices IPO Of 29 Mln Shares At $17.50/ Share

PQ Group Holdings Inc. (PQG), a provider of catalysts, specialty materials, chemicals and services, announced late Thursday the pricing of its initial public offering of 29 million shares of its common stock at a public offering price of $17.50 per share.

The shares are expected to begin trading on the New York Stock Exchange on September 29 under the ticker symbol "PQG."

The company has granted the underwriters a 30-day option to purchase up to an additional 4.35 million shares of its common stock at the IPO price, less underwriting discounts and commissions.

The closing for the offering is expected to occur on October 3, subject to the satisfaction of customary closing conditions.

Morgan Stanley, Goldman Sachs & Co. LLC, Citigroup and Credit Suisse are acting as joint book-running managers of the proposed offering.

by RTTNews Staff Writer

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