Ashland prices Valvoline IPO

摘要

Ashland’s Valvoline IPO, under which 30 million shares in the new frm will be sold in a public ofering, has been priced at $22/share. Ashland will retain an 85% stake in automotive lubricants maker Valvoline, totaling about 170 million shares, after the IPO closes on 28 September. Valvoline shares began trading on the New York Stock Exchange (NYSE) under the ticker “VVV” on 23 September.