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Investing.com -- Carlyle Group (NASDAQ:CG) Inc. has confidentially filed for an initial public offering (IPO) of Nouryon, a specialty chemicals producer, in the United States, Bloomberg reported, citing sources who wished to remain anonymous due to the private nature of the discussions.
The private equity firm is reportedly considering a listing of the business as early as the second half of this year. Nouryon, a company that produces chemicals used in a variety of industries including agriculture, paint, coatings, and personal care products, could potentially be valued at about $13 billion in a US listing, according to these sources.
The timing of the IPO and the valuation of Nouryon could still change, dependent on market conditions. The discussions regarding a potential listing are still ongoing. When reached for comment, a representative for Carlyle Group declined, and a spokesperson for Nouryon did not immediately respond.
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