Versum Materials (VSM) began trading on the New York Stock Exchange on Tuesday, following its spin off from Air Products (APD) . Versum provides specialty materials to the semiconductor industry, and had 2015 sales of $1 billion. Versum CEO Guillermo Novo says while organic growth is a top priority, he would like to see Versum positioned to take advantage of any acquisition opportunities. Novo says Versum will also benefit from the development of fast growing technology areas including mobility, virtual reality and the internet of things. TheStreet's Rhonda Schaffler has details from the New York Stock Exchange.
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