AZEK Company Inc. Prices 33.25M Share Class A IPO at $23/Sh

The AZEK Company Inc. (formerly CPG Newco LLC) ("AZEK") announced today the pricing of its initial public offering of 33,250,000 shares of its Class A common stock, at a price to the public of $23.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 4,987,500 shares of Class A common stock from AZEK at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on June 12, 2020 under the ticker symbol "AZEK." The offering is expected to close on June 16, 2020, subject to customary closing conditions.

Barclays, BofA Securities, Goldman Sachs & Co. LLC and Jefferies are acting as joint lead book-running managers for the offering. Citigroup, Credit Suisse, Deutsche Bank Securities and RBC Capital Markets are acting as joint book-running managers, and B. Riley FBR, Baird, Stephens Inc., Stifel, SunTrust Robinson Humphrey and William Blair are acting as co-managers for the offering.

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