Orion files for IPO

|By:, SA News Editor

Orion Engineered Carbons, a carbon black producer, has filed for an IPO that could raise approximately $432M.

Almost 90% of the company is owned by by private equity firms Triton Capital and the Rhone Group through Kinove Holdings. Kinove intends to sell 18M common shares expected to be priced between $21 to $24 each.