Auto supplier Unique Fabricating set to price $17 million IPO this week

Unique Fabricating, which provides die cut plastic and foam products primarily to automobile OEMs, announced that it plans to price its IPO during the week of June 29. It originally filed and set terms in November 2014 but had not selected an offer date.

The Auburn Hills, MI-based company still plans to raise $17 million by offering 1.9 million shares at a price range of $8 to $10. At the midpoint of the proposed range, Unique Fabricating would command a fully diluted market value of $81 million. 

Unique Fabricating, which was founded in 1975 and booked $130 million in sales for the 12 months ended March 31, 2015, plans to list on the NYSE under the symbol UFAB. Roth Capital and Taglich Brothers are the joint bookrunners on the deal. It is expected to price during the week of June 29, 2015.