Ply Gem Holdings, which manufactures residential exterior building products for new construction and home repair, announced terms for its IPO on Monday. The Cary, NC-based company plans to raise $300 million by offering 15.8 million shares at a price range of $18 to $20. At the midpoint of the proposed range, Ply Gem Holdings would command a fully diluted market value of $1.3 billion.
Ply Gem Holdings, which was founded in 2004 and booked $1.1 billion in sales for the 12 months ended 3/31/2013, plans to list on the NYSE under the symbol PGEM. J.P. Morgan, Credit Suisse, Goldman Sachs, UBS Investment Bank and Deutsche Bank are the joint bookrunners on the deal.
