JELD-WEN Holding, a global manufacturer of windows, doors and treated composite trim and panels, announced terms for its IPO on Tuesday.
The Charlotte, NC-based company plans to raise $550 million by offering 25 million shares (11% insider) at a price range of $21 to $23. At the midpoint of the proposed range, JELD-WEN Holding would command a fully diluted market value of $2.4 billion.
JELD-WEN Holding was founded in 1960 and booked $3.6 billion in sales for the 12 months ended September 30, 2016. It plans to list on the NYSE under the symbol JELD. Barclays, Citi, Credit Suisse, J.P. Morgan, Deutsche Bank, RBC Capital Markets, Goldman Sachs, Wells Fargo Securities and BofA Merrill Lynch are the joint bookrunners on the deal. It is expected to price during the week of January 22, 2017.
