CA - U.S. IPO Weekly Recap: Cummins Spin-Off And Canadian Automation Company Raise A Combined $521 Million
2023-05-28 01:09:00 ET
Summary
- Two IPOs priced this past week, each raising more than $200 million, while one small issuer delayed, AZTR.
- Leading the week, Cummins spin-off Atmus Filtration priced at the midpoint to raise $275 million at a $1.6 billion market cap.
- While the post-Memorial Day IPO calendar looks quiet, movement in the pipeline has set the stage for a potentially active June.
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U.S. IPO Weekly Recap: Cummins Spin-Off And Canadian Automation Company Raise A Combined $521 Million