UPDATE 1-Atlas sees IPO of 13.3 mln shares at $14-$16 each

(Adds details)

Oct 11 (Reuters) - Atlas Industries Holdings LLC on Thursday registered its initial public offering of 13.3 million shares at an estimated price of $14 to $16 per share.

The company is also separately selling about 2.3 million shares for about $35 million, in a private placement, assuming an initial public offering price of $15 a share. Atlas Industries said it plans to use the proceeds from the IPO and the private placement to capitalize and make loans to its acquisition subsidiaries, and buy the equity interests of its initial businesses on a debt free basis.

The shares represent limited liability company interests, Atlas said in an amended filing with the U.S. Securities and Exchange Commission. The company was formed to acquire and manage a group of small to middle market businesses, it added.

Ferris, Baker Watts Inc, JMP Securities LLC, Oppenheimer & Co, J.J.B. Hilliard, W.L. Lyons Inc and SMH Capital Inc are underwriting the IPO.

Assuming a price of $15, the mid-point of the range, and the total number of shares outstanding after this offering and the private placement, the estimated market capitalization of the company is about $235 million.

Greenwich, Connecticut-based Atlas, which reported earnings of $1.5 million in the first half of 2007, said it applied for a Nasdaq listing under the symbol "AAAA." (Reporting by Dilipp S. Nag and Sayantani Ghosh in Bangalore)