U.S. private equity firm, Bain Capital, is seeking to conduct an initial public offering of plastics company, Styron, AltAssets reports. The move comes less than nine months after Bain closed the deal to acquire Styron from former parent, Dow Chemical, for $1.63 billion. The company is interviewing banks to handle a share sale. Dow, which still holds a 7.5% stake in Styron, sold the company as part of a move to offload non-core assets and to significantly deleverage its balance sheet, adds Bloomberg.

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