Titan America SA

Titan America SA (TTAM) priced its initial public offering on Feb 7, 2025 at $16.00 per share, within its $15.00–$18.00 range, raising $384M, and listed on NYSE. At the IPO price its market capitalization was about $2.95B. Citigroup was lead-left underwriter, joined by Goldman Sachs, BofA Securities and BNP Paribas and others. Cleary Gottlieb and A&O Shearman advised the company and Latham & Watkins advised the underwriters.

Titan America SA is a provider of heavy building materials in Florida, Metro New York, Virginia and the Carolinas, including materials that produce lower carbon emissions or reuse waste. It is a largely independent U.S. subsidiary of Titan Cement International.

Status

IPO

Ticker

TTAM

Exchange

NYSE

Priced

Feb 7, 2025

IPO price

$16.00

Price range

$15.00–$18.00

Raised

$384M

Market cap at IPO price

$2.95B

First filed

Jan 13, 2025

Underwriters

Citigroup, Goldman Sachs, BofA Securities, BNP Paribas, Jefferies, HSBC, Societe Generale and Stifel

Company counsel

Cleary Gottlieb and A&O Shearman

Underwriters' counsel

Latham & Watkins

Sector

Energy, mining & utilities

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.