The Cambridge, Ont.-based factory-automation systems provider filed an application Tuesday for an initial public offering to list six million common shares on the New York Stock Exchange. The company did not provide an expected price range. (The Logic)
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The Cambridge, Ont.-based factory-automation systems provider filed an application Tuesday for an initial public offering to list six million common shares on the New York Stock Exchange. The company did not provide an expected price range. (The Logic)
Talking point: ATS said in a release it plans to use the funds for acquisitions, to meet working capital requirements and pay down debt. Founded in 1978, the company has been listed on the Toronto Stock Exchange since 1993 and its market capitalization is currently $5.6 billion. Its shares will continue to trade on the TSX. ATS’s bid for a U.S. listing comes during a muted global IPO market, which raised US$21.5 billion in the first quarter of this year, down 61 per cent compared to the same period in 2022, as my colleague Aleksandra previously reported.
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