ATS closes $381.5 million U.S. IPO

Bank

Goldman Sachs & Co. LLC

Law Firm / Organization
Stikeman Elliott LLP

Bank

J.P. Morgan Securities LLC

Law Firm / Organization
Stikeman Elliott LLP

On May 30, 2023, ATS Corporation, an industry-leading automation solutions provider, closed its previously-announced public offering of its Common Shares in the United States and Canada, representing ATS' initial public offering in the United States and listing of the Common Shares on the New York Stock Exchange. A total of 6,900,000 Common Shares were sold by the company, including 900,000 Common Shares following the exercise in full by the underwriters of their over-allotment option, at a price of US$41 per share, for gross proceeds to the Company of approximately $381.5 million (US$282.9 million).

The offering was conducted through a syndicate of underwriters led by Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as joint active bookrunners. TD Securities Inc. and Scotia Capital (USA) Inc. also acted as bookrunners in connection with the offering. National Bank of Canada Financial, Inc., Cormark Securities Inc., Stifel Nicolaus Canada Inc., Commerz Markets LLC, Raymond James Ltd., RBC Capital Markets, LLC and UniCredit Capital Markets LLC acted as co-managers.

Public/Private Offering
Tech/Computer/IT
$ 381,500,000
Closed
30 May 2023