Mauser Group, which manufactures rigid industrial packaging and containers for the chemicals industry, announced terms for its IPO on Monday.
The Amsterdam, Netherlands-based company plans to raise $265 million by offering 12.6 million shares at a price range of $20 to $22. At the midpoint of the proposed range, Mauser Group would command a fully diluted market value of $1.0 billion.
Mauser Group was founded in 1896 and booked $1.6 billion in sales for the 12 months ended September 30, 2016. It plans to list on the NYSE under the symbol MSR. BofA Merrill Lynch, Citi, Credit Suisse, Baird, Deutsche Bank and Jefferies are the joint bookrunners on the deal. It is expected to price during the week of February 6, 2017.
