Potash producer Israel Chemicals files for US listing

September 12, 2014 22:38

Israel Chemicals Ltd, a Tel Aviv-based maker of fertilizer and specialty chemicals, filed with US regulators to list on the New York Stock Exchange.

ICL set a nominal fundraising target of about $522.4 million through an initial public offering of 62 million ordinary shares, it said in a filing to the U.S. Securities and Exchange Commission.

Morgan Stanley and Barclays are the lead underwriters for the IPO, the company said.

ICL is a subsidiary of Israel Corp and the second largest company on the Tel Aviv Stock Exchange by market value.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

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