Two New IPOs for Week of March 9 - 13

Francis Gaskins  |

Full 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 12.54 0.05 0.40 1,896,308 Trade
TANH Tantech Holdings Ltd. 1.76 -0.02 -1.12 325,170 Trade

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