News Formal

Azek shares soar 18% in trading debut after pricing above expected range

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Decking manufacturer Azek's shares jump 18% in post-IPO debut on NYSE

Azek Co. shares AZEK, +19.52% soared 18% in their trading debut Friday, after the company's IPO priced above its price range. Chicago-based Azek sold 33.25 million shares priced at $23 each, above its $19 to $21 price range, to raised $764.8 million.

Shares of the maker of low-maintenance but sustainable building materials for outdoor living are trading he New York Stock Exchange starting Friday under the ticker symbol"AZEK." There were 14 underwriters on the deal, led by Barclays. Proceeds of the deal will be used to redeem debt and for general corporate purposes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

18 high-paying jobs for people who thrive under pressure - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »