Atotech Prices Initial Public Offering
February 03 2021 - 8:11PM
Atotech Limited (“Atotech”), a leading specialty chemicals
technology company and a market leader in advanced electroplating
solutions, has priced its initial public offering of 29,268,000 of
its common shares at $17.00 per share. The shares are expected to
begin trading on Thursday, February 4, 2021 on the New York Stock
Exchange under the ticker symbol “ATC,” and the offering is
expected to close on February 8, 2021, subject to customary closing
conditions. The underwriters of the offering will also have a
30-day option to purchase up to an additional 4,390,200 common
shares from certain affiliates of The Carlyle Group Inc. (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 L.L.C. and Mischler Financial Group, Inc.
A registration statement relating to these securities has been
declared effective by the U.S. Securities and Exchange Commission
(“SEC”). The offering of these securities is being made only by
means of a written prospectus forming part of the effective
registration statement. A copy of the final prospectus relating to
the offering will be filed with the SEC, which may be obtained,
when available, from Citigroup Global Markets Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
Attn: Prospectus Department, Telephone: (800) 831-9146; Credit
Suisse Securities (USA) LLC, 6933 Louis Stephens Drive,
Morrisville, NC 27560, Attn: Prospectus Department, Telephone:
(800) 221-1037, Email: usa.prospectus@credit-suisse.com; BofA
Securities, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte, NC 28255-0001, Attn: Prospectus Department, Email:
dg.prospectus_requests@bofa.com; and J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Ave.,
Edgewood, NY 11717, Attn: Prospectus Department, Telephone: (866)
803-9204, Email: prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Cautionary Statement Concerning Forward-Looking
Statements This release contains certain forward-looking
statements regarding Atotech and its subsidiaries and the initial
public offering of Atotech’s common shares. All of these statements
are based on management’s expectations as well as estimates and
assumptions prepared by management that, although management
believes them to be reasonable, are inherently uncertain. These
statements involve risks and uncertainties, including, but not
limited to, economic, competitive, governmental and technological
factors outside of Atotech’s control that may cause its business,
industry, strategy, financing activities or actual results to
differ materially. Atotech undertakes no obligation to update or
revise any of the forward-looking statements contained herein,
whether as a result of new information, future events or otherwise.
The pricing information presented herein has been provided for
indicative purposes only, is an estimate and remains subject to
change.
About AtotechAtotech is a leading specialty
chemicals technology company and a market leader in advanced
electroplating solutions. Atotech delivers chemistry, equipment,
services and software for innovative technology applications
through an integrated systems-and-solutions approach. Atotech
solutions are used in a wide variety of end-markets, including
smartphones and other consumer electronics, communications
infrastructure, and computing, as well as in numerous industrial
and consumer applications such as automotive, heavy machinery, and
household appliances.
Atotech, headquartered in Berlin, Germany, is a team of 4,000
experts in over 40 countries generating annual revenues of
$1.2 billion (2019). Atotech has manufacturing operations
across Europe, the Americas, and Asia. With its well-established
innovative strength and industry-leading global TechCenter network,
Atotech delivers pioneering solutions combined with unparalleled
on-site support for over 8,000 customers worldwide.
Contacts:
Paul Goldberg+1 803 504 4731paul.goldberg@atotech.com
Susanne Richter+49 30 349 85 418press@atotech.com
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