AZEK launches initial public offering of 31,250,000 shares of its Class A common stock following its conversion into a corporation. The initial public offering price is currently expected to be between $19.00 and $21.00 per share of Class A common stock. The underwriters will have a 30-day option to purchase an additional 4,687,500 shares of Class A common stock from AZEK at the initial public offering price, less underwriting discounts and commissions. AZEK has been approved to list its Class A common stock on the New York Stock Exchange under the ticker symbol "AZEK."
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 comanagers for the offering.
The AZEK® Company is an industry-leading manufacturer of residential and commercial building products.
