NEW YORK -- Atotech began trading today on the New York Stock Exchange under the ticker symbol “ATC” with a public offering of more than 29 million shares.
The maker of specialty chemicals for printed circuit board and other industries priced its initial public offering at $17 per share. The offering is expected to close on Feb. 8, subject to customary closing conditions.
The underwriters will also have a 30-day option to purchase up to an additional 4.39 million common shares from certain affiliates of The Carlyle Group, the selling shareholders.
Citigroup, Credit Suisse, BofA Securities and J.P. Morgan are lead book-running managers for the proposed initial public offering. Additional book-running managers are Barclays, Deutsche Bank Securities, Jefferies, RBC Capital Markets, UBS Investment Bank, Baird, BMO Capital Markets and HSBC. The co-managers are TCG Capital Markets and Mischler Financial Group.
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