Former DuPont car paint unit Axalta rises 7.4 pct in debut

Nov 12 (Reuters) - Shares of vehicle paint maker Axalta Coating Systems Ltd, sold by chemical maker DuPont to Carlyle Group LP last year, rose as much as 7.4 percent in their trading debut, valuing the company at about $4.8 billion.

The stock touched a high of $20.94 in early trading on the New York Stock Exchange on Wednesday.

Carlyle raised $975 million by selling all the 50 million shares in the offering, 5 million more than planned, diluting its stake in Axalta to 79 percent from 98 percent.

The offering was priced at $19.50 per share, at the midpoint of the expected range of $18-$21.

(Reporting by Amrutha Gayathri in Bangalore; Editing by Simon Jennings)