MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. announced the launch of its initial public offering of 29,000,000 shares of its common stock. The initial public offering price is currently expected to be between $21.00 and $23.00 per share. PQ has applied to list shares of its common stock on the New York Stock Exchange under the symbol “PQG.”

PQ has granted the underwriters an option to purchase up to an additional 4,350,000 shares of its common stock. The offering is being made pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (“SEC”) today.

Morgan Stanley, Goldman Sachs & Co. LLC, Citigroup and Credit Suisse are acting as joint book-running managers of the proposed offering, and Morgan Stanley and Goldman Sachs & Co. LLC are acting as representatives of the underwriters; J.P. Morgan, Jefferies, Deutsche Bank Securities and KeyBanc Capital Markets are also acting as joint book-running managers; Evercore ISI and Nomura are acting as co-managers.

About PQ Group Holdings, Inc.

PQ Group Holdings, Inc. is an integrated, global provider of catalysts, specialty materials and chemicals, and services. Our environmental catalysts and services business is a leading global innovator and producer of catalysts for the refinery, emissions control, and petrochemical industries and is also a leading provider of catalyst recycling services to the North American refining industry. Our performance materials and chemicals business is a silicates and specialty materials producer with leading supply positions in North America, Europe, South America, and Asia serving diverse and growing end uses such as personal and industrial cleaning products, fuel efficient tires, surface coatings, and food and beverage products.