Two New IPOs for Week of March 9 - 13

Francis Gaskins |

IPOs this week, new IPOs, Summit Materials IPO, Summit Materials IPO price, Summit Materials IPO date, Tantech Holdings IPO, Tantech Holdings IPO, Tantech Holdings IPO price, Tantech Holdings IPO date, stocks to buy now, small-cap stocksFull IPO calendar & reports HERE

Ranked by IPO size

(1) Based in Denver, CO,Summit Materials (SUM) scheduled a $400 million IPO on NYSE with a market capitalization of $1.66 billion at a price range midpoint of $18 for Thursday, March 12, 2015.

SUM is one of the fastest growing construction materials companies, by acquisition, in the United States, with a 197% increase in revenue between the year ended December 31, 2010 and the year ended December 27, 2014, as compared to an average increase of approximately 38% in revenue reported by SUM’s competitors over the same period.

SUM’s materials include aggregates, which SUM supplies across the country, with a focus on Texas, Kansas, Kentucky, Utah and Missouri, and cement, which SUM supplies primarily in Missouri, Iowa and Illinois.

(2) Based in Lishui City, China,Tantech Holdings Ltd. (TANH) scheduled a 'best efforts' $16 million IPO on Nasdaq with a market capitalization of $108 million at a price range midpoint of $5 for the week of March 9, 2015.

TANH develop and manufacture bamboo-based charcoal products for industrial energy applications and household cooking, heating, purification, agricultural and cleaning uses.

TANH has grown over the past decade to become a pioneer in charcoal products industry made from carbonized bamboo

 

 

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Companies

Symbol Name Price Change % Volume
SUM Summit Materials Inc. Class A 23.26 -0.22 -0.94 2,027,607
TANH Tantech Holdings Ltd. 2.33 0.03 1.31 20,795

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