JELD-WEN Holding (JELD) plans to raise $425 million in an initial public offering (IPO) on Friday, January 27th. The company plans to issue 25,000,000 shares at a price of $16.00-$18.00 per share.
In the last year, JELD-WEN Holding generated $3.6 billion in revenue and $144.8 million in net income. The company has a market-cap of $2.3 billion.
Barclays, Citigroup, Credit Suisse and J.P. Morgan served as the underwriters for the IPO and Deutsche Bank Securities, RBC Capital Markets, BofA Merrill Lynch, Goldman Sachs, Wells Fargo Securities, Baird, FBR and SunTrust Robinson Humphrey were co-managers.
JELD-WEN Holding provided the following description of their company for its IPO: “We are one of the world’s largest door and window manufacturers, and we hold the #1 position by net revenues in the majority of the countries and markets we serve. We design, produce, and distribute an extensive range of interior and exterior doors, wood, vinyl, and aluminum windows, and related products for use in the new construction and R&R of residential homes and, to a lesser extent, non-residential buildings. “.
JELD-WEN Holding was founded in 1960 and has 20800 employees. The company is located at 440 S. Church Street, Suite 400, Charlotte, NC 28202, US and can be reached via phone at (704) 378-5700 or on the web at http://www.jeld-wen.com.