Atotech Limited (Atotech), a leading specialty chemicals technology company and a market leader in advanced electroplating solutions, has priced its initial public offering of 29,268,000 of its common shares at US$17 per share. The shares began trading on Thursday, February 4, 2021 on the New York Stock Exchange under the ticker symbol “ATC,” and the offering is expected to close on February 8, 2021, subject to customary closing conditions. The underwriters of the offering will also have a 30-day option to purchase up to an additional 4,390,200 common shares from certain affiliates of The Carlyle Group Inc.
Latham & Watkins LLP represented Atotech in the offering with a corporate team led by Washington, D.C. partners Patrick Shannon and Jason Licht, with Washington, D.C. associates Sam Rettew, Lucas Balchun, Paul Alexander, and Gary DePalo, New York associate Tina Jeon, and London associates Lyndy Amato, Ben Coleman, and Drishi Beeharry. Advice was provided on tax matters by London partner Sean Finn and Washington, D.C. partner Andrea Ramezan-Jackson.