Content about IPO

May 20, 2014

A new class action suit against Ply Gem Holdings is charging the exterior building products manufacturer with misrepresenting its financial performance.

Robbins Geller Rudman & Dowd LLP announced the suit on Monday, which is being filed on behalf of an institutional investor in the United States District Court for the Southern District of New York on behalf of purchasers of Ply Gem shares related to its May 22, 2013 IPO.

March 26, 2014

Improved demand for cabinetry propelled Eagan, Minn.-based Norcraft Companies to a fourth-quarter sales increase of 13%.

The maker of kitchen and bathroom cabinetry in the United States and Canada completed its initial public offering in the fourth quarter, in which sales reached $80.5 million.

February 21, 2014

Boise Cascade did well for itself in the fourth quarter of 2013, with sales and income both benefiting from robust year-end growth.

Net sales for the three months ended Dec. 31, 2013, were $798.3 million, up from $694.6 in the fourth quarter of 2012. Income for the quarter came in at $9.8 million, a considerable improvement from 2012's $1.2 million take-home total.

For the full year, sales were up 17.8% at $3.27 billion; income was up 182% at $116.9 million.

October 22, 2013

As upstart home goods e-tailer Wayfair gears up for a likely IPO in 2014 or 2015, Michael Fleisher will step in as the company's new CFO to help speed the process along.

Fleisher, who is leaving his post as Warner Music Group vice chairman, replaces Nicholas Malone, who is remaining at the company as chief administration officer.

August 15, 2013

Raleigh, N.C.-based pro dealer Stock Building Supply Holdings set its initial public offering pricing at $14 per share.

The company said it expects to receive proceeds, net of underwriting discounts and commissions, of approximately $57.4 million from the offering. Stock said it intends to use the proceeds to pay about $46.2 million of the outstanding balances under the revolving line of credit under its secured credit agreement and to pay fees and expenses related to the offering.

June 14, 2013

HD Supply Holdings, the indirect parent of HD Supply, announced that it will launch an initial public offering of 53,191,489 shares of common stock.

The company hopes to raise $1.3 billion in its initial public offering, funds used to pay debt, transaction fees and other expenses. Shares of HDS are expected to become available through NASDAQ June 26.

May 14, 2013

Cary, N.C.-based Ply Gem Holdings, a manufacturer of exterior building products, announced plans to launch its initial public offering of nearly 16 million shares of its common stock. 

Ply Gem plans to use the proceeds from the public offering to pay off debt, to pay transaction fees and for general corporate purposes, according to the announcement. 

The stock has been approved for listing on the New York Stock Exchange under the symbol “PGEM.” 

March 15, 2013

For stock market advice, I always turn to my dad. He's not a stockbroker. But he has watched almost every episode of "Wall Street Week" since the mid-1970s. Now that he's retired, he sometimes watches the same episode of "Mad Money" twice in the same day. (The hands-down superiority of Louis Rukeyser over Jim Cramer will be discussed in a future editorial.)

Here's what my dad said about newly public Boise Cascade: "I like companies with tangible products — like building materials."

March 7, 2013

Overall the company’s fourth-quarter sales were $694.6 million, up 26.9%. For the full year, total sales were up 24% to $2.779 billion.

Boise Cascade Co., the industry’s most recent addition to the ranks of publicly traded companies, increased fourth-quarter sales as it swung to a gain.

"We experienced a fourth consecutive quarter of positive income from operations, underscored by strong plywood prices and improved demand for the products we manufacture and distribute,” said Tom Carlile, CEO.

Overall, the company’s fourth-quarter sales were $694.6 million, up 26.9%. For the full year, total sales were up 24% to $2.779 billion.

July 2, 2012

Beacon Roofing Supply, one of the industry’s largest distributors of roofing, siding and other exterior building products, has opened its 200th branch in Myrtle Beach, S.C. 

March 27, 2012

An initial public offering is in the works for Shanghai, China-based TCP International Holdings, maker of energy-efficient light bulbs.

The supplier to Home Depot and Wal-Mart Stores (among many others) makes about 3,500 kinds of compact fluorescent light bulbs, about 275 varieties of even more efficient LEDs and 12 kinds of halogen bulbs.

November 22, 2011

Beacon Roofing Supply appointed Rick C. Welker as VP and chief accounting officer effective Nov. 18. 

Welker formerly served as VP and corporate controller and will continue to report to David R. Grace, executive VP and chief financial officer. 

Welker, age 52, is a CPA and CMA and began his career with PricewaterhouseCoopers. He joined Beacon in 2004 prior to its IPO and has assisted with the company's substantial growth including many acquisitions, according to the company's statement.

 

October 25, 2011

Robert Gaites, one of the founders of the Strober Organization, died on Oct. 21, according to an article in the Staten Island Advance. He was 70 years old.

September 11, 2011

The luxury home furnishings retailer Restoration Hardware filed to become a publicly traded company, according to an article in Business Week.

The home furnishings company opened its first store in Eureka, Calif., about 30 years ago. Today it operates more than 100 retail and outlet stores in the U.S. and Canada. In 2008, the company underwent a management-led, private-equity buyout.

 

August 5, 2008

Despite a tumultuous housing market and an uncertain consumer spending environment, Toano, Va.-based flooring specialty...

June 10, 2008

The retailer is also testing a new home-installation strategy that relies on a single national...

March 11, 2008

For the full year, the company had earnings of $11.33 million, down 12.2 percent from...

November 15, 2007

The company withdrew its application due to “unsettled market conditions.”...