COLUMBUS, OH - Hexion Holdings Corp., the indirect parent of Hexion Inc., recently announced that it has submitted a draft Form S-1 registration statement on a confidential basis to the U.S. Securities and Exchange Commission for a proposed public offering of its common stock later this year.
The planned registered public offering is part of Hexion’s and its board of directors’ ongoing and continuous strategic review and evaluation of opportunities to enhance shareholder value. The IPO is targeted for completion in the fourth quarter of 2021, but remains subject to SEC review, European works councils review, and market conditions. In addition, the company’s ongoing comprehensive strategic review of the business and each of its segments may impact timing through the consideration of these other alternatives.
Additional information about Hexion Inc. is available at www.hexion.com.