AXALTA COATING SYSTEMS LTD. IPO 2014

AXALTA COATING SYSTEMS LTD. IPO SCHEDULED FOR NOVEMBER 14, 2014

According to the NASDAQ, on Nobember 14, 2014 Axalta Coating Systems LTD is scheduled to go public on the New York Stock Exchange.  The IPO is set to be between $18 and $21 per share and the company should raise nearly $1 Billion with the IPO.

Axalta Coating Systems LTD is located in Philadelphia PA and is a leading global manufacturer of high performance coatings systems.  The core of their business is a 25% market share in the automotive refinish coatings.

150 Years and Counting

Axalta Coating Systems LTD has a 150-year heritage in the coatings industry and have a reputation worldwide for manufacturing high quality products.  The brands are recognizable and the company continues to innovate with their coatings through technology, research and development and customer service.

A Large Footprint

Axalta Coating Systems LTD has a pretty wide footprint with their 35 manufacturing facilities, 7 technology centers, 45 customer training centers and nearly 13,000 employees.  They serve over 130 countries.

Distribution

Axalta Coating Systems LTD also has over 4000 independent distributors.  They have scale, a huge sales and are positioned well.

Debt

According to the NASDAQ, the company has cash assets of $350 million and indebtedness of nearly $4 Billion.  They do report 5 quarters of continued growth and an adjusted EBITDA OF $800 Million.

Should I Try Get In On The Axalta Coating Systems LTD IPO?

Althought I think this could be a great long-term play, I don’t think it is a HOT IPO and you can wait a few quarters so see how everything plays out.  I don’t see this stock doubling or tripling right away and therefore there should not be a sense of urgency to hop on the train too early.