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Carlyle-backed Axalta sets IPO pricing terms

Philadelphia-based Axalta Coating Systems, a provider of coatings for the auto and transportation sector, has set its IPO pricing terms. The company, which is backed by Carlyle, will sell 45 million shares at a price between $18 and $21 per share.

[contextly_sidebar id=”ewnEdFgbNElJH1imJOKUVnioRtEy4bve”]Axalta plans on listing its stock on the NYSE under the ticker symbol “AXTA.”

Citigroup, Goldman Sachs, Deutsche Bank Securities and J.P. Morgan are serving as lead underwriters.

In February 2013, Carlyle bought Axalta from DuPoint for $4.9 billion.

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