Atotech Ltd

Atotech Ltd (ATC) priced its initial public offering on Feb 5, 2021 at $17.00 per share, below its $19.00–$22.00 range, raising $497.6M, and listed on NYSE. At the IPO price its market capitalization was about $3.31B. Citigroup was lead-left underwriter, joined by Credit Suisse, BofA Securities and J.P. Morgan and others. Milbank advised the underwriters.

Atotech Ltd is a chemicals technology company specializing in electronic materials and electroplating solutions, supplying plating chemistry, equipment, service and software. It serves applications such as smartphone circuit boards, IC substrates, decorative coatings and functional chrome plating.

Status

IPO

Ticker

ATC

Exchange

NYSE

Priced

Feb 5, 2021

IPO price

$17.00

Price range

$19.00–$22.00

Raised

$497.6M

Market cap at IPO price

$3.31B

First filed

Jan 15, 2020

Underwriters

Citigroup, Credit Suisse, BofA Securities, J.P. Morgan, Barclays, Deutsche Bank, Jefferies, RBC Capital Markets, UBS, Baird and BMO Capital Markets

Underwriters' counsel

Milbank

Sector

Industrials & materials

Country / state

Jersey

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.