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Cummins’ Filtration business confidentially files for US IPO

Cummins Inc’s Filtration business has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission for a proposed underwritten initial public offering (IPO) of newly issued common stock of the business in the United States.

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The number of shares to be offered and the price range for the IPO have not yet been determined.

The IPO is expected to commence after the completion of the SEC review process, subject to market and other conditions.

Cummins announced last year that it was exploring strategic alternatives for its filtration business including separating it into a stand-alone company.