F5 Finishes Lowers Proposed Deal Size for Upcoming IPO
Livermore, CA, February 4, 2020-Commercial flooring provider roll-up F5 Finishes lowered the proposed deal size for its upcoming IPO, reports Nasdaq.
“The Livermore, CA-based company now plans to raise $38 million by offering 5.0 million shares at a price range of $7 to $8. The company had previously filed to offer 4.0 million shares at a range of $9 to $11. At the midpoint of the revised range, F5 Finishes will raise 6% less in proceeds than previously anticipated to command a fully diluted market cap of $71 million.
“F5 Finishes was founded in 2007 and booked $116 million in sales for the 12 months ended September 30, 2019. It plans to list on the Nasdaq under the symbol FLRZ.”
F5 is comprised of DSB+ and Premier Maintenance Group of San Francisco, California; Carpet Services of Tampa, Florida, DBA Resource Flooring; Contract Carpet Systems of Beltsville, Maryland; JD Shehadi of Fairfield, New Jersey, DBA Shehadi Commercial Flooring; and Universal Metro of Santa Fe Springs, California.