Latham & Watkins Advises on Titan America’s US$384 Million IPO

Titan America SA, a subsidiary of Titan Cement International SA and parent company of its US operations, has announced the closing of its IPO of 24,000,000 common shares at a price to the public of US$16 per share. The IPO consists of 9,000,000 new common shares issued and sold by Titan America and 15,000,000 existing common shares sold by Titan Cement International SA. Titan America’s common shares began trading on the New York Stock Exchange under the ticker symbol “TTAM” on February 7, 2025.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partners Erika Weinberg and Benjamin Cohen, with associates Angel Marcial, Alexandra Kustra, and Daniel Weiss. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Joseph Marcus; on benefits matters by New York partner Bradd Williamson, with associate Anne Bracaglia; and on sanctions, anti-money laundering, and anti-corruption matters by Washington, D.C. partner Les Carnegie, New York partner Matthew Salerno, and Washington, D.C. counsel Andrew Galdes, with associates C.J. Rydberg and Juan Miramontes.