Agricultural Chemicals IPOs » By The Online Investor Staff, updated Tue., Apr. 13, 9:07 AMRecent initial public offerings in the Agricultural Chemicals IPOs category.
| This Slide: #2 of 3 |
Slide #2. ICL — Initial Public Offering
Company:
ICL
Proposed Symbol:
ICL
Shares Offered:
62,000,000
Over-Allotment:
6,200,000
Description:
ICL (TASE: ICL), a leading specialty minerals company that serves the agricultural, food and engineered materials end markets, today announced the commencement of its international initial public offering on the New York Stock Exchange. As announced earlier today by Israel Corporation ("ILCO"), 62,000,000 ICL ordinary shares ("Shares") currently owned by ICL's majority shareholder, ILCO, are expected to be sold in a secondary offering and ICL will not receive any proceeds from the offering. ILCO expects to grant the Underwriters (as defined below) a 30-day option to purchase up to 6,200,000 additional Shares. A portion of ILCO's sale of the Shares is expected to be structured as a derivative transaction to provide the selling shareholder with exposure to certain future potential increases in the price of ICL's Shares as well as certain downside protection.
