Commercial flooring roll-up F5 Finishes files for a $49 million IPO

F5 Finishes, a roll-up of commercial flooring providers, filed on Thursday with the SEC to raise up to $49 million in an initial public offering.

F5 Finishes was founded in 2007 and remained inactive until 2017 when it was re-purposed to acquire and consolidate six commercial flooring providers. The acquisitions will be official upon completion of the offering.

The Livermore, CA-based company booked $111 million in pro forma sales for the 12 months ended June 30, 2019. It plans to list on the Nasdaq under the symbol FLRZ. Maxim Group LLC and Zelman Partners LLC are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Commercial flooring roll-up F5 Finishes files for a $49 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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