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Moove Lubricants Holdings Postponed, NYSE: MOOV

Produces and distributes lubricants for automotive, agricultural, and industrial uses.

Industry: Materials

Latest Trade: ()

First Day Return:

Return from IPO:

Industry: Materials

Moove is a global lubricants solutions provider. We specialize in the formulation, manufacturing, distribution, marketing, selling and servicing of lubricant products across a diverse range of end markets and customers. We offer a comprehensive portfolio of products and technical support that is highly tailored to our end markets, while optimizing our cost base, physical footprint and working capital needs to drive unit profitability and cash flow generation. Our business was formed following Cosan’s acquisition of ExxonMobil’s Brazilian lubricant manufacturing and distribution assets in 2008. We have diversified the business significantly over more than 15 years—across suppliers, customers, end markets and geographies—and have maintained and strengthened a highly strategic alliance with ExxonMobil that drives mutual value creation. ExxonMobil’s brand, premium research and development capabilities, proprietary product technology and base oils production are important factors to our marketing strategy and supply chain. We operate a model requiring low levels of capital expenditures (our total capital expenditures as a percentage of revenue amounted to 1.8%, 1.7%, 1.9%, 1.2% and 0.7% for the six months ended June 30, 2024 and 2023 and for the years ended December 31, 2023, 2022 and 2021, respectively), focused on cost-effective formulation, manufacturing, logistics and services.
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IPO Data
IPO File Date 09/16/2024
Offer Price
Price Range $14.50 - $17.50
Offer Shares (mm) 25.0
Deal Size ($mm) $400
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $14.50 - $17.50
Offer Shares (mm) 25.0
Deal Size ($mm) $400
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
BofA Securities
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Company Data
Headquarters São Paulo, Brazil
Founded 2008
Employees at IPO 2,199
Website www.moovelub.com/en.php

Moove Lubricants Holdings (MOOV) Performance