AXTA News

9 companies went public this week, raising $2 billion in the IPO market as year-to-date issuance surpassed 250 IPOs, almost 25% more than at this point last year. 3 large PE-backed deals, including two LBOs, each traded up over 10% and represented 79% of proceeds, while the 4 smallest companies by market cap had the lowest returns. Even with the S&P 500 near all-time highs,...read more

Axalta Coating Systems (AXTA), a leading global supplier of coatings for the auto and transportation industry, raised $975 million by offering 50 million shares at $19.50 a share. At the pricing terms, Axalta commands a market value of $4.7 billion and qualifies for inclusion in the Renaissance IPO ETF at the market's close on November 18, 2014. The Renaissance IPO ETF is...read more

Axalta Coating Systems, a leading global supplier of coatings for the auto and transportation industry, raised $975 million by offering 50 million shares at $19.50, the midpoint of the $18 to $21 range. Carlyle (NASDAQ: CG) floated the entire offering, meaning the market value remains unchanged. The PE firm originally planned to raise $878 million by offering 45 million shares....read more

10 deals are on the IPO calendar to raise $2.2 billion for the week of November 10, 2014. The two largest, auto paint maker Axalta Coating Systems and contract research organization PRA Health Sciences, are both LBOs. Representing 27% of 2014 deal flow (65 to date), biotechs are the...read more