Axalta Coating Systems, a performance coatings systems company backed by The Carlyle Group, has filed to raise $100 million in an IPO. Reports this month, though, have indicated the offering could raise up to $1 billion. The company provides liquid and powder coatings solutions for the automotive and transportation industries. It has 35 manufacturing facilities, seven technology centers, 45 customer training centers and approximately 12,650 employees serving customers in more than 130 countries. In the 12-month period ending June 30, Axalta recorded $4.3 billion in net sales, $799 million in adjusted EBITDA and $3 million in net income. Carlyle acquired the company just last year for $4.9 billion.