Residential insulation installer Installed Building Products files for a $100 million IPO
Installed Building Products, the second largest new residential insulation installer in the US, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. The Columbus, OH-based company, which was founded in 1977 and booked $404 million in sales for the 12 months ended September 30, 2013, plans to list on the NYSE under the symbol IBP. Installed Building Products initially filed confidentially on December 9, 2013. Deutsche Bank and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.