In the News – Floor & Decor completes IPO

In the News – Floor & Decor completes IPO

[Atlanta] After pricing its IPO of 8,823,500 shares at $21 per share, Floor & Decor Holdings, based here, opened today on the New York Stock Exchange under the symbol FND. The morning started strongly, with an opening price up 44 percent at $30.25, valuing the offering at well over $266 million. Prices will fluctuate throughout the day.

Bank of America, Merrill Lynch, Carclays, Credit Suisse, UBS Investment Bank, Goldman, Sachs & Co., Jefferies, Piper Jaffray and Wells Fargo Securities are acting as joint book-running managers for the offering. Houlihan Lokey is acting as co-manager for the offering.

Floor & Decor is a multi-channel specialty retailer of hard surface flooring and related accessories, offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring along with decorative and installation accessories at everyday low prices.

To get the full article, click here Floor Covering Weekly

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