Titan America valued at nearly $3 bln as shares rise 1.25% in NYSE debut (updated)

Titan SA

07/02/2025 16:45

(Adds details on the U.S. IPO market in paragraph 3)
       Feb 7 (Reuters) - Shares of Titan America  TTAM.N  rose
1.25% in their debut on the New York Stock Exchange, giving the
Belgium-based cement producer a market capitalization of $2.99
billion. 
    The company's shares opened at $16.2 apiece, compared with
the IPO price of $16.
    Investor enthusiasm for new stock offerings has been buoyed
by expectations of a more business-friendly regulatory climate
under U.S. President Donald Trump, with investors betting on a
potential easing of restrictions that could spur a wave of fresh
IPOs.
    
      
    

 (Reporting by Atharva Singh and Pritam Biswas in Bengaluru;
Editing by Krishna Chandra Eluri)
 ((atharva.singh@thomsonreuters.com))