Cabinet manufacturer Norcraft Companies sets terms for $100 million IPO

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Norcraft Companies, which is a leading manufacturer of kitchen and bathroom cabinetry in the US and Canada, announced terms for its IPO on Monday. The Eagan, MN-based company plans to raise $100 million by offering 5.9 million shares at a price range of $16 to $18. At the midpoint of the proposed range, Norcraft Companies would command a fully diluted market value of $311 million.

Norcraft Companies, which was founded in 1966 and booked $330 million in sales for the 12 months ended September 30, 2013, plans to list on the NYSE under the symbol NCFT. Norcraft Companies initially filed confidentially on July 30, 2013. Citi, UBS Investment Bank, Deutsche Bank and RBC Capital Markets are the joint bookrunners on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: NCFT

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