Installed Building Products 7.45M share IPO priced at $11.00 The deal size was reduced to $7.45M shares from 9M shares and priced below the $12.00-$13.00 range. Deutsche Bank and UBS acted as joint book running managers for the offering.
Installed Building Products announces repurchase of $5.3M of stock Installed Building Products announced it has agreed to repurchase 300,000 shares of its common stock for an aggregate purchase price of $5.3M from Cetus Capital II, LLC, one of its largest stockholders. The price per share for the repurchase equals $17.61, which was the last reported sales price of the company’s common stock on December 11. The repurchase was effected in a privately-negotiated transaction and will be funded from the company’s cash on hand.