Core & Main, Inc.

Core & Main, Inc. (CNM) priced its initial public offering on Jul 26, 2021 at $20.00 per share, within its $20.00–$23.00 range, raising $697.7M, and listed on NYSE. At the IPO price its market capitalization was about $4.81B. Goldman Sachs was lead-left underwriter, joined by Credit Suisse, J.P. Morgan and BofA Securities and others.

Core & Main, Inc. is a specialized distributor of water, wastewater, storm drainage and fire protection products and related services. It sells to municipalities, private water companies and professional contractors through about 285 branches in 47 states.

Status

IPO

Ticker

CNM

Exchange

NYSE

Priced

Jul 26, 2021

IPO price

$20.00

Price range

$20.00–$23.00

Raised

$697.7M

Market cap at IPO price

$4.81B

First filed

May 21, 2021

Underwriters

Goldman Sachs, Credit Suisse, J.P. Morgan, BofA Securities, Baird, Citigroup, RBC Capital Markets, Barclays, Deutsche Bank, Truist, Nomura and Natixis

Sector

Consumer

Country / state

MO

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