Exterior building products company Ply Gem Holdings sets terms for $300 million IPO

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Ply Gem Holdings, which manufactures residential exterior building products for new construction and home repair, announced terms for its IPO on Monday. The Cary, NC-based company plans to raise $300 million by offering 15.8 million shares at a price range of $18 to $20. At the midpoint of the proposed range, Ply Gem Holdings would command a fully diluted market value of $1.3 billion.

Ply Gem Holdings, which was founded in 2004 and booked $1.1 billion in sales for the 12 months ended 3/31/2013, plans to list on the NYSE under the symbol PGEM. J.P. Morgan, Credit Suisse, Goldman Sachs, UBS Investment Bank and Deutsche Bank 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

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