MPM Holdings (MPMH) expects to raise $350 million in an IPO on Thursday, November 16th, IPO Scoop reports. The company will issue 14,600,000 shares at $23.00-$25.00 per share.

In the last twelve months, MPM Holdings generated $2.3 billion in revenue and had a net loss of $137 million. The company has a market-cap of $1.4 billion.

J.P. Morgan and Goldman Sachs acted as the underwriters for the IPO and Credit Suisse, Deutsche Bank Securities, UBS Investment Bank, Wells Fargo Securities and BMO Capital Markets were co-managers.

MPM Holdings provided the following description of their company for its IPO: “(Note: Our common stock is currently quoted on the OTCQX Marketplace under the symbol “MPMQ” since March 4. 2016.) Momentive is one of the world’s largest producers of specialty silicones and silanes and a global leader in fused quartz and specialty ceramics products. Momentive is based in Waterford, New York and has a long track record of creating innovative products and solutions designed to meet the complex requirements of our more than 4,000 customers in over 100 countries. Our strategic network of 24 production sites and 12 R&D facilities supports our global leadership positions and facilitates our ability to serve our blue-chip customer base across a diverse array of consumer, automotive and various industrial end-markets. “.

MPM Holdings was founded in 2014 and has 4900 employees. The company is located at 260 Hudson River Road, Waterford, NY 12188, US and can be reached via phone at (518) 237-3330 or on the web at https://www.momentive.com.

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