Atkore International sets stock price for IPO

Business Wire

HARVEY - Atkore International Group set a $16 per share price on 12 millions shares of stock for its initial public offering on June 10.

The company will not receive any proceeds from the sale of shares being sold in the offering. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol ATKR. In connection with the offering, the selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 1.8 million shares of common stock.

The offering is being made through an underwriting group led by Credit Suisse, Deutsche Bank Securities and J.P. Morgan, who are acting as joint book-running managers and as representatives of the underwriters for the offering. UBS Investment Bank, Citigroup, RBC Capital Markets and Wells Fargo Securities are acting as additional book-running managers for the offering.

Atkore International Group, a manufacturer of electrical products primarily for the nonresidential construction and renovation markets and mechanical products and solutions for the construction and industrial markets, employs approximately 3,100 people at 51 manufacturing and distribution facilities worldwide.