CPG Newco LLC, doing business as The AZEK Company, has applied to list shares of its Class A common stock on the New York Stock Exchange under the AZEK ticker symbol. AZEK has filed a registration statement with the U.S. Securities and Exchange Commission related to a proposed initial public offering.
AZEK is the manufacturer and parent company of the AZEK Building Products, Versatex, Scranton Products and Vycom building product brands. The company also announced its acquisition on Return Polymers, a PVC recycling and compounding firm, on February 3rd.
The number of shares to be offered and the price range have not been determined.
Barclays, BofA Securities, Goldman Sachs and Jeffries are acting as joint lead book-running managers for the proposed offering, which will only be made by means of prospectus. When available, a copy of the preliminary prospectus is available at any of those sources. The registration is not yet effective and can not yet be bought or sold.
