Construction Materials & Machinery IPOs » By The Online Investor Staff, updated Wed., Jun. 29, 9:32 AMRecent initial public offerings in the Construction Materials & Machinery IPOs category.
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Slide #2. Axalta Coating Systems Ltd. — Initial Public Offering
Company:
Axalta Coating Systems Ltd.
Proposed Symbol:
AXTA
Shares Offered:
45,000,000
Price Per Share:
$18.00 and $21.00
Over-Allotment:
6,750,000
Description:
Axalta Coating Systems Ltd. has commenced an initial public offering of 45,000,000 of its common shares. The shares will be offered by certain affiliates of The Carlyle Group (the "selling shareholders"). The anticipated initial offering price is between $18.00 and $21.00 per share and the offering is being made pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission. The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 6,750,000 common shares. Axalta will not receive proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional common shares. Axalta has applied for listing of its common shares on the New York Stock Exchange under the ticker symbol "AXTA."
