Benzinga | Feb 4, 2021 10:27AM EST

Atotech Prices Downsized IPO At $17, Carlyle Group Associates Offload Partial Stake

* Atotech Limited (NYSE: ATC) has priced 29.268 million shares at $17 per share in its downsized initial public offering (IPO), downsized from the previous 34.146 million shares at $19 and $22 per share planned earlier.

* The shares are likely to begin trading on the NYSE under the ticker symbol "ATC" on February 4, 2021 and the offering is expected to close on February 8.

* The underwriters can procure additional shares up to 4.39 million from Carlyle Group associates, under a 30-day option.

* Citigroup, Credit Suisse, BofA Securities, and J.P. Morgan are lead book-running managers for the IPO.