AZEK Company (AZEK) IPO Opens 20% Higher

Today's IPO for AZEK Company Inc. (NYSE: AZEK) opened for trading at $27.50 after pricing 33,250,000 shares of its Class A common stock, at a price to the public of $23 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.

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.

The AZEK Company Inc. is an industry-leading manufacturer of beautiful, low-maintenance residential and commercial building products, committed to innovation, sustainability and research and design.

You May Also Be Interested In

• Citigroup set to join top banks in Anthropic IPO - Bloomberg
• Singularity Future Technology closes $5M registered direct offering
• Anthropic plans IPO potentially exceeding SpaceX's $86B record - Bloomberg