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<![endif]--> <!--StartFragment-->Raleigh, N.C.-based Stock Building Supply announced on Tuesday morning details regarding its Initial Public Offering.
The pro dealer, which will be traded on the Nasdaq Global Select Market, is looking to raise roughly $150 million by offering up some 8.8 million shares at an anticipated price of $16 to $18. The company’s ticker symbol will be “STCK.”
Stock Building Supply, formerly known as Carolina Holdings, has a rich history in the Mid-Atlantic and Southeast. It was also one of the first coast-to-coast building material dealers, and changed its name in 2000 to reflect its national footprint.
The housing downturn took its toll on the company, which peaked in sales of $4.16 billion in 2005. Since then, a scaled-down version of Stock operates 53 locations. The company ranked ninth on the HCN Top 200 Pro Dealer Scoreboard with sales of $1 billion.
Private equity firm The Gores Group acquired a controlling interest in Stock in 2009, and acquired the remainder in November 2011.
Goldman, Sachs & Co., Barclays Capital Inc. and Citigroup are serving as joint book-running managers for the offering. Robert W. Baird & Co. Incorporated is acting as lead co-manager, and Stephens Inc. and Wells Fargo Securities, LLC are acting as co-managers.