Cummins ( NYSE: CMI ) on Tuesday filed an IPO registration statement with the SEC to publicly list its filtration business, Atmus Filtration Technologies.
Atmus Filtration Technologies intends to apply to have its common stock listed on the New York Stock Exchange under the symbol "ATMU", Cummins said.
The number of shares to be offered and the price range for the offering have not yet been determined, and the IPO is expected to commence after the completion of the SEC review process, Cummins said.
Steph Disher will continue to lead Atmus as CEO after the IPO.
Goldman Sachs & Co and J.P. Morgan Securities LLC are acting as joint lead book-running managers to the proposed IPO.
Baird, BofA Securities, and Wells Fargo Securities will also act as joint book running managers to the offering.
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Cummins plans IPO for its Atmus Filtration business on NYSE