Momentive seeks to raise $100 million in IPO

Washington — MPM Holdings Inc., a global producer of specialty silicones and chemicals also known as Momentive Performance Materials, has filed with the Securities and Exchange Commission to make an initial public offering of shares to raise up to $100 million (€84 million).

Momentive filed the S-1 registration statement announcing the IPO 8 Sept, a month after issuing its strongest financial statement since a judge approved its Chapter 11 bankruptcy reorganisation plan in 2014.

In its S-1 prospectus summary, Waterford, New York-based Momentive said it is one…

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