Specialty Building Products, a leading distributor of branded specialty building products in the US, withdrew its plans for an initial public offering on Wednesday. It originally filed in January 2022 with a proposed deal size of $100 million. The company had not updated its prospectus since April.
The Duluth, GA-based company was founded in 1987 and booked $3.1 billion in sales for the 12 months ended December 31, 2021. It had planned to list on the Nasdaq under the symbol SBP. Barclays, Goldman Sachs, RBC Capital Markets, BofA Securities, Jefferies, Baird, Raymond James, Truist Securities, and WR Securities were set to be the joint bookrunners on the deal.
