DHR - Avantor Begins Process For U.S. IPO
Quick Take
Avantor (VNOR) intends to raise gross proceeds of $100 million from a U.S. IPO, according to an S-1 registration statement.
The firm provides essential products and services for the life sciences and advanced technology industries.
VNOR is the result of recent large combinations, so we can’t tell whether it is growing organically. Also, the firm will use the IPO proceeds to pay off its private equity sponsor, rather than going toward its business plan.
Company & Technology
Radnor, Pennsylvania-based Avantor was founded in 1904 to help enhance production workflow and