Norcraft Companies prices upsized IPO at $16 low end
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.