Ply Gem Announces Launch of Initial Public OfferingMay 14th, 2013 by DWM Magazine
Ply Gem Holdings Inc. has announced the launch of its initial public offering of 15,789,474 shares of its common stock, pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission. Ply Gem anticipates granting underwriters an option to purchase up to an additional 2,368,421 shares of common stock to cover over-allotments, if any.
Company stocks will be cited as PGEM in the New York Stock Exchange.
Net proceeds, according to a statement from the company, will be used to “(i) to redeem, repurchase or repay a portion of its outstanding indebtedness, (ii) to pay transaction fees and other expenses and (iii) for general corporate purposes.”