Continental Building Products sets terms for $225 million IPO

By
A A A

Continental Building Products, which manufactures and sells drywall and complementary finishing products in the US and Canada, announced terms for its IPO on Thursday. The Reston, VA-based company plans to raise $225 million by offering 13.2 million shares (11% insider) at a price range of $16 to $18. At the midpoint of the proposed range, Continental Building Products would command a fully diluted market value of $750 million.

Continental Building Products, which was founded in 1996 and booked $376 million in sales for the 12 months ended September 30, 2013, plans to list on the NYSE under the symbol CBPX. Continental Building Products initially filed confidentially on November 25, 2013. Citi, Credit Suisse, Barclays, 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: CBPX

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

How to Save Money at Bars
How to Save Money at Bars           

Stocks

Referenced

Most Active by Volume

44,823,339
  • $75.19 ▲ 0.28%
43,744,171
  • $3.44 ▼ 0.29%
42,340,022
  • $97.671 ▲ 0.66%
34,178,145
  • $17.62 ▼ 1.23%
34,028,998
  • $15.59 ▼ 0.19%
32,055,708
  • $21.23 ▼ 2.41%
31,539,235
  • $3.76 ▲ 0.80%
30,434,619
    $34.25 unch
As of 7/25/2014, 04:03 PM