Oaktree’s Molycorp legacy firm is said to weigh IPO, sale

September 26, 2017

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Advanced materials producer Neo Performance Materials, carved from the remains of bankrupt Molycorp, is weighing an initial public offering (IPO) or an outright sale, according to people familiar with the matter.

Neo Performance, backed by investment firm Oaktree Capital Group, has not determined which avenue it will pursue but is expected to file for an IPO next month, said the people, who asked not to be identified because the matter is private.

Category: General