Ply Gem Files for $300 Million IPO

(Reuters) – Ply Gem Holdings Inc filed with U.S. regulators on Friday to raise up to $300 million in an initial public offering of common stock.

The North Carolina-based company told the U.S. Securities and Exchange Commission in a preliminary prospectus that J.P. Morgan Securities, Goldman Sachs, Credit Suisse, UBS Securities and Deutsche Bank were underwriting the IPO.

The filing did not reveal how many shares the company planned to sell or their expected price.

The manufacturer of exterior building products intends to list its common stock on the New York Stock Exchange under the symbol “PGEM”. (Reporting by Sweta Singh in Bangalore; Editing by Maju Samuel)

peHUB Note: CI Capital is Ply Gem’s majority shareholder.