JELD-WEN (JELD) Prices IPO at $23, Top End of Range
Get Alerts JELD Hot Sheet
Join SI Premium – FREE
JELD-WEN Holding, Inc. (NYSE: JELD) announced the pricing of its initial public offering of 25,000,000 shares of its common stock at a public offering price of $23 per share, the top end of the expected $21-$23 range. Of those shares, the Company is selling 22,272,727 shares and certain stockholders of the Company affiliated with Onex Corporation are selling 2,727,273 shares. The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares. Shares of the Company’s common stock are expected to begin trading today on the New York Stock Exchange under the symbol “JELD.” The offering is expected to close on February 1, 2017, subject to the satisfaction of customary closing conditions.
Barclays, Citigroup, Credit Suisse, J.P. Morgan, Deutsche Bank Securities, RBC Capital Markets, BofA Merrill Lynch, Goldman, Sachs & Co., and Wells Fargo Securities are acting as joint book-running managers in the offering. Baird, FBR, and SunTrust Robinson Humphrey are acting as co-managers in the offering.
JELD-WEN, founded in 1960, is one of the world’s largest door and window manufacturers, operating 115 manufacturing facilities in 19 countries located primarily in North America, Europe and Australia. Headquartered in Charlotte, North Carolina, JELD-WEN designs, produces and distributes an extensive range of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. Our products are marketed globally under the JELD-WEN® brand, along with several market-leading regional brands such as Swedoor® and DANA® in Europe and Corinthian®, Stegbar®, and Trend® in Australia.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rubrik IPO: 5 key things to know
- Ibotta (IBTA) Announces 6.56M Share IPO at $76-$84/sh
- Mingteng International (MTEN) Opens At $4, IPO At $4 (earlier)
Create E-mail Alert Related Categories
Hot IPOs, IPOsRelated Entities
Credit Suisse, Deutsche Bank, JPMorgan, Citi, Robert W Baird, RBC Capital, SunTrust Robinson Humphrey, Barclays, Wells Fargo, IPOSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!