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GMS prices IPO at $21, the low end of the range

May 25, 2016
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Gypsum Management and Supply, which is a leading North American distributor of wallboard and ceiling systems, raised $147 million by offering 7 million shares at $21, the low end of the range of $21 to $23. Gypsum Management and Supply plans to list on the NYSE under the symbol GMS. Barclays, Credit Suisse, RBC Capital Markets, Baird and Wells Fargo Securities acted as lead managers on the deal.