Gypsum Management and Supply, which is a leading North American distributor of wallboard and ceiling systems, announced terms for its IPO on Monday.
The Tucker, GA-based company plans to raise $154 million by offering 7 million shares at a price range of $21 to $23. At the midpoint of the proposed range, Gypsum Management and Supply would command a fully diluted market value of $896 million.
Gypsum Management and Supply was founded in 1971 and booked $1.7 billion in sales for the 12 months ended January 31, 2016. It plans to list on the NYSE under the symbol GMS. Barclays, Credit Suisse, RBC Capital Markets, Baird and Wells Fargo Securities are the joint bookrunners on the deal. It is expected to price during the week of May 23, 2016.
