initial public offerings (IPOs) trading on American exchanges

Thursday, October 20, 2016

-=Forterra (FRTA) began trading on the Nasdaq on 20 October 2016

Forterra, Inc. manufactures and sells water and drainage pipe and products in the United States and Eastern Canada.
Sector: Basic Materials
Industry: Building Materials
Full Time Employees: 4,729
Founded in 2016
HQ in Irving, Texas

Today's IPO for Forterra, Inc. (NASDAQ: FRTA) opened for trading at $16.61 after pricing 18,420,000 shares of its common stock, all of which are being offered by the Company, at a price of $18 per share, below the expected $19-$21 range.

Goldman, Sachs & Co., Citigroup and Credit Suisse are acting as joint book-running managers for the offering and representatives of the underwriters. Barclays, Deutsche Bank Securities and RBC Capital Markets are acting as book-running managers for the offering. Oppenheimer & Co., Stephens Inc. and SunTrust Robinson Humphrey are acting as co-managers.

Forterra is a manufacturer of pipe and precast products in the U.S. and Eastern Canada for a variety of water-related infrastructure applications, including water transmission, distribution and drainage. Based in Irving, Texas, Forterra employs more than 5,500 people and operates more than 95 facilities, with products available throughout the U.S. and Eastern Canada.

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