AUS
NZ
UK
CA
USA
IND
Highlights:
- Specialty Building Products has indicated that it aims to debut on Nasdaq Capital Market.
- Specialty Building Products primarily caters to the needs of the residential housing market.
- Specialty Building Products (SBP), Inc. announced on Tuesday, January 4, that it will go public in the US stock markets.
An IPO frenzy from 2021 continues this year as several companies are announcing their public debut plans in the US equities market.
Specialty Building Products (SBP), Inc. announced on Tuesday, January 4, that it will go public in the US stock markets.
The Delaware-based company hopes to raise US$ 100 million through the initial public offering (IPO). However, the final amount could change after revealing the price range of its shares to be offered.
Also Read: Is Justworks a public company & can you buy JW stock?
As the name suggests, Specialty Building Products is a distributor of branded specialty building products. In the documents filed with the Securities and Exchange Commission (SEC), SBP has neither revealed the price range nor the number of shares to be offered.
How to buy Specialty Building Products stock?
It is unclear if Specialty Building Products will give a chance to investors to buy the pre-IPO stock. Even if it does, retail investors will only get a chance after the SEC gives it the final nod for the IPO.
©2022 Kalkine Media®
Currently, you cannot buy this company's stock. However, Specialty Building Products has indicated that it aims to debut on Nasdaq Capital Market and trade under the ticker symbol SBP.
The leading underwriters for Specialty Building Products' public debut will be RBC Capital Markets and Barclays.
The building products seller aims to use the money from the IPO to repay outstanding debts, which the company used for various business strategies, term loan facility and acquisitions.
Bottom line
The company seems to have high growth potential as it claims to have grown its revenue at a compound annual growth rate of about 25 per cent in the last ten years.
Specialty Building Products primarily caters to the needs of the residential housing market, and its product portfolio contains more than 37,000 stock-keeping units.
Established in 1987, Specialty Building Products has built a solid market of its products for the 12 months ended September 30, 2021, and the company had a revenue of US$ 2.3 billion.
Also Read: How to buy Fanatics stock as it 'acquires' Topps for $500M?
