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Cummins moves to separate its filtration business into standalone company

April 21, 2022

Cummins Inc. has taken a step forward in its plans to separate its filtration business into a standalone company.

The company announced Thursday that its filtration business has confidentially filed paperwork for a proposed initial public offering with the U.S. Securities and Exchange Commission. This is a step that companies take before publicly filing IPO paperwork with regulators.

An IPO is when a company’s stocks are sold publicly for the first time. IPOs are generally underwritten by investment banks that arrange for the shares to be traded on a stock exchange. The Republic