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Madison Dearborn-backed Boise Cascade increases range for IPO

By: Renaissance Capital
Posted: 2/5/2013 8:06:00 AM
Referenced Stocks: BCC

Boise Cascade Company, a North American wood products manufacturer and building materials distributor, raised the proposed deal size for its upcoming IPO on Tuesday. The Boise, ID-based company now plans to raise $224 million by offering 11.8 million shares at a price range of $18 to $20. The company had previously filed to offer 11.8 million shares at a range of $16 to $18, which would have raised $200 million at the midpoint. At the midpoint of the revised range, Boise Cascade will raise 12% greater proceeds than previously anticipated.

Boise Cascade Company, which was founded in 1957 and booked $2.6 billion in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol BCC. BofA Merrill Lynch and Goldman Sachs are the joint bookrunners on the deal. It is expected to price during the week of February 4, 2013.