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Atmus Filtration Technologies launches roadshow for proposed IPO

Atmus Filtration Technologies Inc, the Filtration business unit of Cummins Inc, has launched a roadshow for its proposed initial public offering (IPO).

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The IPO is for 14,124,409 shares of the common stock of Atmus currently owned by Cummins. The underwriters will also be granted a 30-day option to purchase up to an additional 2,118,661 shares at the IPO price, less underwriting discounts and commissions. The IPO price is currently expected to be between US$18 and US$21 per share.

Atmus has applied to list its common stock on the New York Stock Exchange (NYSE) under the symbol “ATMU.”

When the IPO is completed, Cummins is expected to hold approximately 83.0% of Atmus’ outstanding shares, or 80.5% if the underwriters' option to purchase additional shares is exercised in full.

A registration statement on Form S-1 relating to these securities has been filed with the US Securities and Exchange Commission (SEC) but has not yet become effective.

Headquartered in Nashville, Tennessee, USA, Atmus serves customers across truck, bus, agriculture, construction, mining, marine and power generation vehicle and equipment markets, along with comprehensive aftermarket support and solutions. The company has a presence in more than 150 countries on six continents.