Azek Co. shares soared 18% in their trading debut Friday, after the company's IPO priced above its price range. Chicago-based Azek sold 33.25 million shares priced at $23 each, above its $19 to $21 price range, to raised $764.8 million. Shares of the maker of low-maintenance but sustainable building materials for outdoor living are trading he New York Stock Exchange starting Friday under the ticker symbol "AZEK." There were 14 underwriters on the deal, led by Barclays. Proceeds of the deal will be used to redeem debt and for general corporate purposes.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 12, 2020 11:29 ET (15:29 GMT)
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