Valvoline disclosed in a filing Monday that it expects its initial public offering of 30 million shares to price between $20 and $23 a share. If the underwriters exercise options granted by Valvoline to buy an additional 4.5 million shares, the engine and automotive maintenance company could raise up to $793.5 million, before fees. The company expects the stock to trade on the New York Stock Exchange under the symbol “VVV.” Ashland Inc. had filed in May to separate its Valvoline business as part of a reorganization.
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