Norit N.V. Files For U.S. IPO (NRIT)

By Jon C. Ogg Published Mar 19, 2:02PM EDT

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Norit N.V. has just filed its F-1 paperwork with the Securities and Exchange Commission for a proposed initial public offering. No terms were set, but the filing is for up to $200,000,000 in ordinary shares.

The Dutch carbon player intends to apply for listing of its ordinary shares on the New York Stock Exchange under the symbol “NRIT.” Underwriters are listed as only Goldman Sachs and Deutsche Bank Securities. All of the ordinary shares are being offered by the company itself.

The company is into R&D, manufacturing, and selling of high-grade activated carbons used in environmental, health, safety and industrial applications with a client roster of over 3,000 customers. It noted, “Our purification technologies are widely used to remove pollutants, contaminants and other impurities from water, air, food and beverages, pharmaceutical products and other liquids and gases in an efficient and cost-effective manner. Our activated carbon solutions, which can be produced in powdered or granular forms, also serve a variety of uses as colorants, carriers or catalysts in industrial processes.”

In 2011, Norit’s revenues were $360.3 million, income from operations was $85.9 million, net loss was $5.7 million, adjusted net loss was $0.6 million and Adjusted EBITDA was $118.5 million.

FULL FILING

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.