Forterra Priced, Nasdaq: FRTA

Leading drainage and potable water pipe company in the US and Eastern Canada.

Industry: Industrials

Latest Trade: $18.70 0.00 (0.0%)

First Day Return: -8.3%

Return from IPO: +3.9%

Industry: Industrials

We are a leading manufacturer of pipe and precast products by sales volume in the United States and Eastern Canada for a variety of water-related infrastructure applications, including water transmission, distribution and drainage. We provide critical infrastructure components for a broad spectrum of construction projects across residential, non-residential and infrastructure markets. Our extensive suite of end-to-end products covers “the First Mile to the Last Mile” of the water infrastructure grid, ranging from large diameter pipe that transports water to and from treatment centers and manages drainage along major transportation corridors, to smaller diameter pipe that delivers potable water to, and removes wastewater from, end users in residential and commercial settings. We employ a specialized technical salesforce, including engineers and field service representatives, which enables us to deliver a high degree of customer service, create tailored solutions and ensure our products meet project specifications to maximize applications in the field. Our product breadth, footprint in the United States and Eastern Canada and significant scale help make us a one-stop shop for water-related pipe and products, and a preferred supplier to a wide variety of customers, including contractors, distributors and municipalities.
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IPO News for Forterra
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IPO Data
IPO File Date 07/08/2016
Offer Price $18.00
Price Range $19.00 - $21.00
Offer Shares (mm) 18.4
Deal Size ($mm) $332
IPO Data
IPO Date 10/19/2016
Offer Price $18.00
Price Range $19.00 - $21.00
Offer Shares (mm) 18.4
Deal Size ($mm) $332
Underwriters
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Company Data
Headquarters Irving, TX
Founded 1964
Employees 4,959
Website forterrabp.com