Articles from Titan America SA

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 America’s common shares began trading on the New York Stock Exchange under the ticker symbol “TTAM” on February 7, 2025.

Titan America SA (“Titan America”), a subsidiary of Titan Cement International SA and parent company of its U.S. operations, today priced 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 to be issued and sold by Titan America and 15,000,000 existing common shares to be sold by Titan Cement International SA. Titan Cement International SA has granted the underwriters a 30-day option to purchase up to an additional 3,600,000 common shares to cover over-allotments, if any, at the initial public offering price, less underwriting discounts and commissions. Titan America’s common shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “TTAM” on February 7, 2025. The offering is expected to close on February 10, 2025, subject to the satisfaction of customary closing conditions.

Titan America SA (“Titan America”), a subsidiary of Titan Cement International SA and parent company of its U.S. operations, today launched a roadshow for its initial public offering (“IPO”) of 24,000,000 common shares. The IPO consists of 9,000,000 new common shares to be issued and sold by Titan America and 15,000,000 existing common shares to be sold by Titan Cement International SA. Titan Cement International SA expects to grant the underwriters a 30-day option to purchase an additional 3,600,000 common shares to cover over-allotments, if any. The IPO is currently expected to price between $15 and $18 per share. Titan America has applied to list its common shares on the New York Stock Exchange under the ticker symbol “TTAM.”