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Axalta Coating Files for IPO

August 21, 2014

According to reports from Rueters, Axalta Coating Systems Ltd, a company backed by buyout firm Carlyle Group LP, filed with U.S. regulators on August 20 for an initial public offering of common stock.

The company listed Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan among the underwriters for the IPO.

Reuters reported last week that Carlyle had hired banks for an initial public offering of Axalta that could raise as much as $1 billion.