Canadian automation company ATS Corp. (NYSE:ATS) (ATSAF) raised $246M through a US initial public offering, with shares making their NYSE debut on Thursday.

ATS offered 6M shares priced at $41 apiece. Underwriters were granted a 30-day option to buy up to 900K additional shares to cover any over-allotments. Shares of the company will continue to trade on the Toronto Stock Exchange.

US-traded shares of ATS opened at $41.10 on Thursday, reaching a high of $42.71. The stock recently changed hands at $41.77 at around 1:35 p.m. ET.

Goldman Sachs and JP Morgan are serving as joint active bookrunners on the deal, with TD Securities and Scotia Capital as bookrunners. The company said it plans to use proceeds from the deal in part to pay down debt, according to a statement.

Based in Ontario, ATS is a leading provider of manufacturing automation systems for the life sciences, consumer products, food and beverage, energy and transportation sectors.

More on ATS:

ATS, Canadian automation systems provider, launches US IPO

ATS Corporation 2023 Q4 – Results – Earnings Call Presentation

ATS acquires reliability engineering services company Triad Unlimited