Atotech Prices Downsized IPO At $17, Carlyle Group Associates Offload Partial Stake

by Anusuya Lahiri, Benzinga Staff Writer

February 4, 2021 10:27 AM | 1 min read |

Atotech Limited (NYSE: ATC) has priced 29.268 million shares at $17 per share in its downsized initial public offering (IPO), downsized from the previous 34.146 million shares at $19 and $22 per share planned earlier.
The shares are likely to begin trading on the NYSE under the ticker symbol "ATC" on February 4, 2021 and the offering is expected to close on February 8.
The underwriters can procure additional shares up to 4.39 million from Carlyle Group associates, under a 30-day option.
Citigroup, Credit Suisse, BofA Securities, and J.P. Morgan are lead book-running managers for the IPO.