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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AZEK Company Inc | NYSE:AZEK | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.60 | 3.66% | 45.29 | 45.35 | 43.98 | 44.21 | 561,109 | 18:42:49 |
The AZEK Company Inc. (NYSE: AZEK) ("AZEK") announced today the closing of an underwritten public offering of 23,000,000 shares of its Class A common stock, including the exercise in full by the underwriters of their option to purchase up to 3,000,000 additional shares of Class A common stock, in each case sold by certain of its selling stockholders, at a price to the public of $40.00 per share. AZEK did not receive any proceeds from the sale of the shares of Class A common stock.
Barclays, BofA Securities, Goldman Sachs & Co. LLC and Jefferies acted as joint lead book-running managers for the offering. Citigroup, Credit Suisse, Deutsche Bank Securities and RBC Capital Markets acted as joint book-running managers, and B. Riley Securities, Baird, Stephens Inc., Stifel, Truist Securities and William Blair acted as co-managers for the offering.
A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on January 21, 2021. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from:
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About The AZEK® Company
The AZEK® Company Inc. is an industry-leading manufacturer of beautiful, low-maintenance residential and commercial building products, committed to innovation, sustainability and research & development. Headquartered in Chicago, Illinois, the company operates manufacturing facilities in Ohio, Pennsylvania and Minnesota.
Source: The AZEK Company Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210126005946/en/
Investor Relations: Solebury Trout 312-809-1093 ir@azekco.com
Media: Lisa Wolford 917-846-0881 lwolford@soleburytrout.com
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