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Short circuit: Atkore International prices $192 million IPO well below the range at $16

June 9, 2016
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Atkore International Group, which sells electrical circuitry raceways and metal frames used in commercial construction, raised $192 million by offering 12.0 million shares at $16, well below the range of $20 to $22. Atkore International Group plans to list on the NYSE under the symbol ATKR. Credit Suisse, Deutsche Bank, J.P. Morgan, UBS Investment Bank, Citi, RBC Capital Markets and Wells Fargo Securities acted as lead managers on the deal.