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Foundation Building Materials Priced, NYSE: FBM

North American distributor of wallboard and ceiling systems.

Industry: Industrials

First Day Return: +10.7%

Industry: Industrials

We are the second largest specialty distributor of wallboard and suspended ceiling systems in the United States and Canada, and the fastest growing by revenue and branch count since our founding in 2011. We are also the second largest specialty distributor and one of the largest fabricators of commercial and industrial mechanical insulation in the United States. We have expanded from a single branch in Southern California to 210 branches across the United States and Canada as of December 31, 2016, carrying a broad array of more than 35,000 SKUs. Our organic growth initiatives and disciplined acquisition strategy have enabled us to grow rapidly. Our net sales in 2013 were $113.7 million and we reached pro forma net sales of $1.42 billion for the nine months ended September 30, 2016. We have grown revenue faster than any U.S. publicly traded building products distributor over the same period. Our goal is to be the leading company within specialty building products distribution and to continue expanding into complementary markets.
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IPO Data
IPO File Date 01/13/2017
Offer Price $14.00
Price Range $17.00 - $19.00
Offer Shares (mm) 12.8
Deal Size ($mm) $179
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/09/2017
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $179
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Tustin, CA, United States
Founded 2011
Employees at IPO 3,401
Website www.fbmsales.com

Foundation Building Materials (FBM) Performance