CPG International files for up to $150 million IPO
(Reuters) - Synthetic building products maker CPG International Inc filed with U.S. securities regulators to raise up to $150 million in an initial public offering of common stock.
CPG plans to use the proceeds to pay down debt.
The company gave no details on how many shares it plans to sell or their expected price in a filing with the U.S. Securities and Exchange Commission on Friday.
It also did not disclose the symbol it plans to list under or the market it expects to be traded in.
CPG said Barclays Capital, Deutsche Bank Securities and Credit Suisse would be the underwriters to the IPO.
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO can be very different. (Reporting by Supantha Mukherjee in Bangalore; Editing by Sriraj Kalluvila)
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