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Allison Transmission seeks valuation of $4.3 bn at IPO


Here's another step closer to an IPO. Allison Transmission Holdings is looking to sell 21.7 mn shares priced $22 to $24 each. If all goes well, the manufacturing company will raise $500 mn and attain a valuation of $4.3 bn. The shares are being sold by Carlyle Group and Onex Corporation, with Allison Transmission getting none of the proceeds. Both companies will continue to own 43 percent of Allison Transmission after the IPO.

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Source: Renaissance Capital


The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: IPOs Markets General


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