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193 days

Profitable cement company Titan America touts Florida, Mid-Atlantic reach in IPO - MarketWatch

1. Titan America debuted at $16.25, slightly above IPO price. 2. The company reported a 11% annual revenue growth since 2013. 3. Market cap stands at $3 billion, less than twice its annual revenue. 4. $384 million raised from selling 24 million shares in IPO. 5. Parent company retains an 87% stake post-IPO.

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FAQ

Why Bullish?

The strong revenue growth and IPO performance suggest potential upside for TTAM.

How important is it?

Titan's financial performance and market debut reflect positives for market sentiment and future growth.

Why Short Term?

The immediate market response may stabilize, but growth will take time to manifest.

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