Momentive Performance Materials Holdings LLC, a global manufacturer of specialty chemicals with a focus in thermosetting resins, filed on Thursday with the SEC to raise up to $863 million in an initial public offering. The Columbus, OH-based company booked $3.8 billion in pro forma sales last year, serving customers such as Bayer, Lowe's, Procter & Gamble and Unilever. Private equity firm Apollo holds a 90% stake in the company, which was created in October 2010 when Apollo combined Momentive with Hexion Specialty Chemicals. GE Capital Equity also holds a 9% stake. Underwriters, pricing terms and timing for the IPO were not disclosed.
