Moove Lubricants Holdings

General Information
Business:

Note: The word on the Street is that Moove Lubricants Holdings’ IPO has been postponed, effective Wednesday evening, Oct. 9, 2024.

We are a holding company. Our operating subsidiary produces and distributes automotive, agricultural and industrial lubricants. (Incorporated in the Cayman Islands)

We were founded in 2008 after Cosan acquired ExxonMobil’s Brazilian lubricant assets. We serve approximately 140,000 clients throughout South America, the United States and Western Europe.

Moove is a global lubricants solutions provider. We specialize in the formulation, manufacturing, distribution, marketing, selling and servicing of lubricant products across a diverse range of end markets and customers. We offer a comprehensive portfolio of products and technical support that is highly tailored to our end markets, while optimizing our cost base, physical footprint and working capital needs to drive unit profitability and cash flow generation.

 

Note: Net income and revenue are for the 12 months that ended June 30, 2024. 

(Note: Moove Lubricants Holdings filed an F-1/A dated Oct. 1, 2024, and disclosed the terms for its IPO: 25.0 million shares at a price range of $14.50 to $17.50 to raise $400.0 million. The company is offering 6.25 million shares and the selling shareholders are offering another 18.75 million shares.)

Industry: Lubricants
Employees: 2199
Founded: 2008
Contact Information
Address Av. Brigadeiro Faria Lima, 4,100 – 8th floor São Paulo – SP, 04538-132, Brazil,
Phone Number +55 11 4517-1546
Web Address https://moovelub.com/en.php/
View Prospectus: Moove Lubricants Holdings
Financial Information
Market Cap $1778.24mil
Revenues $1829.31 mil (last 12 months)
Net Income $90.6 mil (last 12 months)
IPO Profile
Symbol MOOV
Exchange NYSE
Shares (millions): 25.0
Price range $14.50 - $17.50
Est. $ Volume $400.0 mil
Manager / Joint Managers J.P. Morgan/BofA Securities/Citigroup/Itau BBA/BTG Pactual/Santander/Goldman Sachs/Jefferies/Morgan Stanley
CO-Managers
Expected To Trade: 10/10/2024
Status: Postponed
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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