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Cummins braving debt ceiling jitters with $275M engine filter unit IPO

Por: Fox Business Business May 26, 2023

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Check out what's clicking on FoxBusiness.com Diesel engine maker Cummins is going to buck the recent initial public offering draught and bring its engine filtration unit to market on Friday. Cummings priced the IPO of its unit to raise about $275 million on Thursday, defying volatile markets which are being shaken by uncertainty over a deal on the U.S. debt ceiling. sold 14.1 million shares at $19.50 a piece, according to a company press... + full article



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