SUM News

Milacron Holdings, the largest manufacturer of plastic processing equipment in the US, filed on Friday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $350 million. Milacron was listed on the NYSE under the symbol MZ until May 2008, when its market cap dropped below...read more

Blackstone's Summit Materials gained 17%, paving the way for more PE-backed IPOs in 2015. IPO highlights during the week of March 9, 2015: • Constructive pricing leads to successful IPO of construction materials company • Filing activity picked up, adding life (sciences) to the ...read more

Summit Materials, a Blackstone-backed provider of aggregates, concrete and asphalt paving services, raised $400 million by offering 22.2 million shares (all primary) at $18, the midpoint of the range of $17 to $19. Summit Materials plans to list on the NYSE under the symbol SUM. Summit Materials initially filed confidentially on 10/9/2014. Citi, Goldman Sachs, BofA Merrill Lynch,...read more

The third tech IPO of 2015 crumbled last week, and now all eyes are on construction supply company Summit Materials, the week's only IPO and the year's first LBO. • 1 US IPO on the ...read more