AZEK Co Inc.

AZEK Co Inc. (AZEK) priced its initial public offering on Jun 15, 2020 at $23.00 per share, above its $19.00–$21.00 range, raising $764.8M, and listed on NYSE. At the IPO price its market capitalization was about $3.31B. Barclays was lead-left underwriter, joined by BofA Securities, Goldman Sachs and Jefferies and others. Latham & Watkins advised the underwriters.

The AZEK Company Inc. designs and manufactures low-maintenance, environmentally sustainable products for the outdoor living market, such as long-lasting alternatives to traditional wood for homeowners' outdoor spaces. It reports on a fiscal year ending September 30.

Status

IPO

Ticker

AZEK

Exchange

NYSE

Priced

Jun 15, 2020

IPO price

$23.00

Price range

$19.00–$21.00

Raised

$764.8M

Market cap at IPO price

$3.31B

First filed

Feb 7, 2020

Underwriters

Barclays, BofA Securities, Goldman Sachs, Jefferies, Citigroup, Credit Suisse, Deutsche Bank, RBC Capital Markets, B. Riley, Baird, Stifel and William Blair

Underwriters' counsel

Latham & Watkins

Sector

Industrials & materials

Country / state

IL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.