Cummins Inc. is taking its filtration business on the road to win investors for a $273 million initial public offering. But when all is said and done, its parent will remain the biggest shareholder by far of Atmus Filtration Technologies.
Atmus is offering 14.1 million shares of common stock. Underwriters get a 30-day option to buy 2.1 million additional shares at the IPO price, expected to be $18 to $21 per share.
The Atmus name, announced in February, is derived from the word atmosphere and is...
https://www.freightwaves.com/news/cummins-seeking-investors-for-ipo-in-stand-alone-filtration-unit