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Madison Dearborn-backed Boise Cascade sets terms for $200 million IPO

January 23, 2013
BCC

Boise Cascade Company, a diversified North American building materials and forest products company, announced terms for its IPO on Wednesday. The Boise, ID-based company plans to raise $200 million by offering 11.8 million shares at a price range of $16 to $18. At the midpoint of the proposed range, Boise Cascade would command a fully diluted market value of $705 million. Boise Cascade Company, which was founded in 1957 and booked $2.6 billion in sales for the 12 months ended 9/30/2012, plans to list on the NYSE under the symbol BCC. BofA Merrill Lynch and Goldman Sachs are the joint bookrunners on the deal.