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Stock Building Supply prices downsized IPO at $14, below the range

Stock Building Supply, which distributes lumber and building materials primarily to homebuilders, raised $98 million by offering 7.0 million shares (including 2.6 million from selling shareholders) at $14, below the range of $16-18. The company had originally planned to sell 8.8 million shares (including 4.4 million from insiders) but cut the secondary component by 41%. Stock Building Supply plans to list on the NASDAQ under the symbol STCK. Goldman Sachs, Barclays and Citi acted as 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 Nasdaq, Inc.


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

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