A former Dow Chemicals Co. division moved to Berwyn in recent years by Bain Capital Partners LLC just launched its initial public offering, but the nearly $200 million that Trinseo S.A. hopes to raise is merely a nibble out of its $1.34 billion in debt.

The plastics, rubber and latex manufacturer, which has 62 local employees and a worldwide workforce of more than 2,000 at some 35 factories, sought to open its trading on the New York Stock Exchange under the symbol TSE for $17 to $19 per share, according to a recent Philly.com news article.

The company, which formerly operated under the name Styron, has its biggest market in Europe and its legal headquarters in Luxembourg.

Read more about the IPO and the company’s recent financial performance on Philly.com here.

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