Cement producer Titan America submits IPO application for US stock market, aiming to raise $500 million
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Cement producer Titan America has submitted an IPO application to the U.S. Securities and Exchange Commission, planning to raise $500 million. The company primarily operates on the East Coast of the United States, serving customers in Florida, New York, New Jersey, Virginia, North Carolina, and South Carolina, with over 100 facilities and an annual cement production of approximately 3.8 million tons. Titan America is headquartered in Belgium, with a history dating back to 1902. The projected revenue for 2024 is $1.6 billion, and it plans to list on the New York Stock Exchange under the ticker symbol TTAM
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