Forterra sets IPO terms as it looks to raise up to $386.2 million

Forterra said Friday in a filing that the pipe maker expects its initial public offering to price between $19 to $21 a share. The company is offering 18.4 million shares in the IPO to raise up to $386.2 million, or could raise as much as $444.8 million if the underwriters purchase the options to buy additional shares. The stock is expected to list on the Nasdaq global select market under the symbol “FRTA.” The lead underwriters are Goldman Sachs, Citigroup and Credit Suisse.

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From:: Stock Market News

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