ismagilov
Specialty Building Products (SBP) has withdrawn its application for a $100 million initial public offering, according to its latest filing with the SEC.
The residential building materials distributor had originally applied for the initial public offering in January 2022. The company updated its presentation in April, indicating that it was looking to raise $100 milliona number that was likely a placeholder and was subject to change.
Based in Georgia, Specialty Building Products distributes residential building materials such as siding, trim, molding, composite decking and railing to professional dealers and home improvement retailers. The company has operations throughout Canada and in 42 states.
For a more detailed look at the company, see SA Contributor Donovan Jones’ article “Specialty Building Products Begins US IPO Effort.”
