Summit Materials debuts on NYSE
Summit Materials Holdings Inc. made its debut as a public company.
Summit Materials, the 16th-largest producer on Pit & Quarry’s 2014 MegaProducers list, opened at $19.90 a share on the New York Stock Exchange. According to the Denver Business Journal, the Denver company, which trades as SUM, supplies aggregates, ready-mix concrete, cement, asphalt paving and other materials to the construction industry.
Summit Materials had priced its IPO of 22.22 million shares of Class A stock at $18 a share, according to the Business Journal. Summit Materials filed to go public in December.
About the Author: Kevin Yanik
Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.Subscribe to Pit & Quarry
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