(Reuters) – Shares of Titan America 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)
