Atotech Limited, a leading specialty chemicals technology company and a market leader in advanced electroplating solutions, has commenced an Initial Public Offering (IPO) of 34.1 million shares at a price range of $19-$22. At the midpoint of the proposed range, Atotech would command a fully diluted market value of $3.8 billion.

The underwriters of the offering will also have a 30-day option to purchase up to an additional 5,121,900 common shares from certain affiliates of The Carlyle Group.

Citigroup, Credit Suisse, BofA Securities and J.P. Morgan are lead book-running managers for the proposed initial public offering. Additional book-running managers are Barclays, Deutsche Bank Securities, Jefferies, RBC Capital Markets, UBS Investment Bank, Baird, BMO Capital Markets and HSBC. The co-managers are TCG Capital Markets and Mischler Financial Group.

A registration statement on Form F-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.