Valvoline (VVV) IPO Opens Up 10%

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Go back to Valvoline (VVV) IPO Opens Up 10%

Seaport Global Securities Starts Valvoline (VVV) at Buy

September 26, 2016 9:38 AM EDT

Seaport Global Securities initiates Valvoline (NYSE: VVV) with a Buy rating and a price target of $27.00 following last week's IPO.

Analyst Michael Harrison commented, "Following its first day of trading, we maintain our $27 price target and assign a Buy rating on VVV. We... More

Valvoline (VVV) Prices 30M Share IPO at $22/Share, at Upper End of Range (ASH)

September 22, 2016 6:40 PM EDT

Ashland Global Holdings Inc. (NYSE: ASH) and Valvoline Inc. (NYSE: VVV) announced the pricing of Valvoline's initial public offering of 30,000,000 shares of Valvoline's common stock at a price to the public of $22.00 per share, the upper end of the expected $20-$23 range. In addition, Valvoline has granted the underwriters an option to purchase up to an additional... More