Trinseo S.A., a global manufacturer of specialty polymers and plastics, filed on Friday with the SEC to raise up to $200 million in an initial public offering. The company was formerly a division of Dow Chemical called Styron until Bain Capital bought it in 2010 for $1.6 billion. Trinseo originally filed to go public in June 2011 intending to raise up to $400 million, but withdrew in June 2013.
The Berwyn, PA-based company booked $5.3 billion in sales for the fiscal year ended December 31, 2013 and plans to list under the symbol TSE. Goldman Sachs, Deutsche Bank, Citi, Morgan Stanley, Barclays, BofA Merrill Lynch, HSBC and Jeffries are the joint bookrunners on the deal. Neither pricing terms nor exchange were disclosed.
