Norcraft Companies prices upsized IPO at $16 low end

By Renaissance Capital,

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Norcraft Companies, a leading manufacturer of kitchen and bathroom cabinetry in the US and Canada, raised $102 million by offering 6.4 million shares (all primary) at $16, the low end of the $16 to $18 range. The company had previously filed to sell 5.9 million shares, with an original deal size of $100 million assuming the midpoint. Norcraft Companies, which initially filed confidentially on 7/30/2013, plans to list on the NYSE under the symbol "NCFT". Citi and  UBS acted as the lead managers on the deal.

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

This article appears in: News Headlines IPOs
Referenced Stocks: NCFT

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