Titan Cement
Assembly Line
Titan America Announces Closing of Initial Public Offering
Titan America SA, a subsidiary of Titan Cement International SA, has closed its initial public offering (IPO) of 24,000,000 common shares at $16.00 per share, raising approximately $136,800,000 in net proceeds. The company plans to use these funds for capital expenditures, investments in technologies, and strategic acquisitions to drive growth. Titan Cement International SA, which owns 87% of Titan America’s outstanding common shares, received approximately $228,000,000 in net proceeds from the sale of existing shares. The IPO was led by Citigroup and Goldman Sachs & Co. LLC, with other bookrunners including BofA Securities, BNP Paribas, Jefferies, HSBC, Societe Generale, and Stifel. The offering was made under the United States Securities Act of 1933, as amended, and a final prospectus has been filed with the SEC. Titan America’s common shares began trading on the New York Stock Exchange under the ticker symbol “TTAM” on February 7, 2025.