Brooks Automation files confidentially for US IPO ahead of stronger September activity

Brooks Automation, an automation solutions provider based in Chelmsford, Massachusetts, announced on Thursday that it has filed a confidential application for an initial public offering in the United States. The company stated that specific details regarding the number of shares to be offered and the price range have not yet been determined. Confidential filings enable firms to prepare for public listings without immediate market scrutiny. This move aligns with growing activity in the US IPO market, which is reportedly showing signs of strength in September. Brooks Automation specializes in automation and contamination-control solutions for the semiconductor and life sciences industries, with operations spanning North America, Europe, Asia, Australia, and the Middle East. The sector remains critical to the US economy, powering defense systems, smartphones, and computers. In 2021, Brooks sold its semiconductor automation business to private equity firm Thomas H. Lee Partners for $3 billion in cash. Current plans involve offering shares in the US market through this confidential process.