Univar (UNVR) IPO Opens at $24.10, Above Initial Pricing

Univar Inc. (NYSE: UNVR) opens for trading at $24.10 after pricing its 35 million common stock IPO at $22 per share.

The underwriters have a 30-day option to purchase up to an additional 5,250,000 shares of common stock from certain of our stockholders.

Univar Inc. intends to use the net proceeds of the offering, and a concurrent private placement, to redeem, repurchase, or otherwise acquire or retire $650 million of its outstanding Subordinated Notes due in 2017 and 2018 and pay associated fees and expenses, and for general corporate purposes. Univar Inc. will not receive any proceeds from the sale of shares by the selling stockholders.

Deutsche Bank Securities, Goldman, Sachs & Co., and BofA Merrill Lynch are acting as joint book-running managers. Additional book-running managers are Barclays Capital Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Jefferies LLC, and Morgan Stanley & Co. LLC.

You May Also Be Interested In

• Select Medical stockholders approve buyout by insider-led consortium
• Doncasters (DPC) indicating open around $40, IPO priced at $33
• Cosmos Health signs Qatar distribution deal with IMC for supplements