BOISE, ID - Boise Cascade commenced an initial public offering of 11,764,706 shares of its common stock. The initial offering will be $16-$18 per share, and stock will be lsited at the New York Stock Exchange under the symbol BCC.
The plywood and lumber products firm will be renamed Boise Cascade Company. Boise, a vertically integrated wood products manufacturer, first announced its intention to go public in November, with BofA Merrill Lynch, Goldman, Sachs & Co., Deutsche Bank Securities, J.P. Morgan and Wells Fargo Securities as managers in the sales of shares.
Boise Cascade's fortunes have improved with the housing market rebound and the general economic improvement, and it added jobs at its plywood and engineered wood plants in Medford, White City and Willamina, OR. Boise Cascade has widespread operations in the United States and Canada.
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