I blogged recently about the IPO of Extra Space Storage, which may have been the largest IPO in Utah history.
But that IPO will surely be dwarfed by the forthcoming IPO of Huntsman Chemical. Some speculate it may raise as much as $1.5 billion. The company has debts of approximately $5.8 billion, which it needs to pay down.
Now it will be interesting to see Huntsman’s market capitalization. I have a Utah Portfolio on Yahoo Finance which tracks all the publicly traded companies in Utah, and with Utah ties. Zions tops the list with a $5.5 billion market cap. Questar is at $3.3 billion. Nu Skin is at $1.8 billion. Huntsman, with 15,000 employees and revenues approaching $10 billion annually, may top them all.
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