Cummins Files for IPO for Investing.com’s Filtration Business

©Reuters. Cummins (CMI) files initial public offering for filtration business

Cummins Inc. (CMI) announced today that its filtration business, Atmus Filtration Technologies, has filed a registration statement on Form S-1 with the United States Securities and Exchange Commission (the “SEC”) for a proposed initial public offering (IPO). of newly issued common shares.

Atmus Filtration Technologies intends to apply to list its common stock on the New York Stock Exchange (NYSE) under the symbol ATMU. The number of shares to be offered and the price range for the offering have not yet been determined. The IPO is expected to begin upon completion of the SEC review process, subject to market and other conditions.

Steph Disher will continue to lead Atmus Filtration Technologies as CEO alongside an experienced and capable leadership team. Atmus Filtration Technologies, founded by Cummins in 1958, is one of the world’s leading suppliers of filtration products for commercial and off-highway agricultural, construction, mining and power generation vehicles and equipment. The company’s name derives from “atmosphere” and reflects the purpose of creating a better future by protecting what is essential.

A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the effective date of the Registration Statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and does not constitute an offer, solicitation or sale in any jurisdiction where such offer, solicitation or sale is prior to registration or qualification would be unlawful under the securities laws of that jurisdiction. Any offer, solicitation or offer to buy or sell any security will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This announcement is made pursuant to Rule 135 of the Securities Act.

Goldman Sachs & Co. LLC and JP Morgan Securities LLC will act as joint lead book-running managers and underwriters’ representatives for the Proposed Offering. Baird, BofA Securities and Wells Fargo Securities will also serve as joint book running managers.