Atkore International (ATKR) IPO Opens Modestly Lower

Today's IPO for Atkore International Group (NYSE: ATKR) opened for trading at $15.75 after pricing 12,000,000 shares of common stock by selling stockholder CD&R Allied Holdings, L.P., an affiliate of Clayton, Dubilier & Rice, LLC, at a public offering price of $16.00 per share.

The offering is being made through an underwriting group led by Credit Suisse, Deutsche BankSecurities 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 Inc. is a leading manufacturer of Electrical Raceway products primarily for the non-residential construction and renovation markets and Mechanical Products & Solutions for the construction and industrial markets. The company manufactures a broad range of end-to-end integrated products and solutions that are critical to its customers’ businesses and employs approximately 3,100 people at 51 manufacturing and distribution facilities worldwide. The company is headquartered in Harvey, Illinois.

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