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Stock Building Supply Holdings Inc. filed an initial public offering (IPO), with the goal of raising up to $175 million, according to Reuters.
Stock Building Supply, which is based in North Carolina and operates in 13 states, is backed by buyout firm Gores Group, The company posted a net loss of $4.77 million on net sales of $248.7 million in the first quarter of 2013
Stock Building Supply, which plans to list its shares on the Nasdaq, said Goldman Sachs, Barclays and Citigroup are acting as lead underwriters to the offering. It did not reveal how many shares the company planned to sell or their expected prices.
Several private equity firms are currently capitalizing on the housing rebound and strong stock market to exit their investments in the sector as of late. In fact, Home Depot said last week that it planned to raise over $1 billion from an IPO.
