ATKR News

A heavily-discounted Atkore International opened in negative territory on Friday, but end-of-day buying brought it up to its offer price, while China Online Education traded up about 5% initially, before breaking issue minutes before the close. The week's two offerings continue a long streak of underwhelming first-day pops for 2016 IPOs, averaging...read more

Atkore International Group, which sells electrical circuitry raceways and metal frames used in commercial construction, raised $192 million by offering 12.0 million shares at $16, well below the range of $20 to $22. Atkore International Group plans to list on the NYSE under the symbol ATKR. Credit Suisse, Deutsche Bank, J.P. Morgan, UBS Investment Bank, Citi, RBC Capital Markets...read more

Two companies plan to raise a combined $300 million this week.Offering low sales growth but high cash flow, Atkore International continues a series of LBO'd companies hitting public markets as it benefits from positive cyclical and supply trends. High-growth, high-loss Chinese internet company China Online Education (51 Talk) is the third tech IPO of the year, setting the stage for...read more

Atkore International Group, which sells electrical circuitry raceways and metal frames used in commercial construction, announced terms for its IPO on Tuesday. The Harvey, IL-based company plans to raise $252 million by offering 12 million shares (100% insider) at a price range of $20 to $22. At the midpoint of the proposed range, Atkore International Group would command a...read more