Following the withdrawal of Orion Engineered Carbons’ IPO, which was first launched in April, the carbon black specialist has launched a slightly restructured IPO on the NYSE. The entire US405 million float will now be based on the almost 90 per cent stake in the company owned by the Rhone Group and Triton Capital through Kinove Holdings. Kinove aims to sell 18 million shares at a price range of $21 to $24. Taking the midpoint of this price range, Orion Engineered Carbons would command a market value of $1.3 billion.