Momentive parent files for IPO

ERJ staff report (DS)

Wilmington, Delaware -- Momentive Performance Materials Holdings LLC has filed documents with the US-based Securities and Exchange Commission showing it intends to issue its shares to the public through an initial public offering (IPO).

The associated prospectus said it contains significant market information, but is not yet complete. In the silicones segment, Momentive said, "In 2010, net sales of silicones and quartz products were $2.6 billion, and Segment EBITDA was $489 million, reflecting annual net sales growth of 24 percent and segment EBITDA margins of 19 percent."

Momentive was created on October 1, 2010 through the combination of the holding companies that owned the MPM Group and the MSC Group, which we refer to in this prospectus as the Momentive Combination

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Prospectus from Momentive via SEC