Hexcel Corporation develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defense and industrial applications such as wind turbine blades.
Hexcel Corporation' Common Stock was admitted to listing and trading on NYSE Euronext by direct listing of the existing 100,034,444 shares making up the company's capital stock. The admission price of the company' shares was set at €13.99 each, i.e. the closing price of its shares on 17 June 2011 converted into Euros on the basis of the European Central Bank EUR/USD exchange rate of the same trading day. Hexcel Corporation's market capitalization on the day of admission amounted to €1.4 billion.