Valvoline, a manufacturer of automotive lubricants and quick lube chain spun out of Ashland, raised $660 million by offering 30 million shares at $22, within the range of $20 to $23. Valvoline plans to list on the NYSE under the symbol VVV. BofA Merrill Lynch, Citi, Morgan Stanley, Deutsche Bank, Goldman Sachs and J.P. Morgan acted as lead managers on the deal.
