Door and window giant Jeld-Wen launched its initial public offering (IPO) today on the New York Stock Exchange at an announced price of $23 per share. In a release, the company said it’s putting 25 million shares of its common stock into the IPO, which could raise up to $575 million.

The company is selling about 22.3 million shares. Canadian-based private-equity firm Onex is selling roughly 2.7 million shares. Onex will eventually own about 63.4 of Jeld-Wen’s stock after the IPO.

The deal’s underwriters also have a 30-day option to buy an additional 3.75 million shares from Onex. The company will be traded on the New York Stock Exchange under the symbol JELD. The offering is expected to close on February 1, 2017.

The company said it will use about $375 million of the IPO to pay down its debt. The rest  will be used for “general corporate purposes,” according to a prospectus filed with the U.S. Securities and Exchange Commission.

Jeld-Wen initially filed for an IPO on June 1, 2016.

According to Jeld-Wen’s prospectus, the company holds the No. 1  position in residential doors by net revenues in the United States, Australia, Germany, Switzerland and Scandinavia (Denmark, Sweden, Norway, and Finland). It’s No. 2 in residential doors by net revenues in Canada, the United Kingdom and Austria. The company holds the No. 3 position by net revenues in residential windows in the United States and Canada and the No. 1 position in Australia.

Jeld-Wen operates 115 manufacturing facilities in 19 countries. It’s headquartered in Charlotte, N.C. In November, the company announced that it would expand its operations in Charlotte by building a new corporate campus and hiring about 200 workers.