CVC-backed Moove Lubricants targets up to USD 1.9 bn valuation in US IPO

CVC-backed Moove Lubricants is targeting a valuation of up to $1.9 billion in its upcoming U.S. IPO. The company, which produces high-performance automotive lubricants, has grown steadily due to its strong distribution network and innovative product portfolio. The funds raised from the IPO will be used to expand operations in key global markets and to further develop eco-friendly products. Moove’s leadership in the lubricant sector, combined with the rising demand for sustainable automotive solutions, positions it as a strong contender in the U.S. public market.