Cary, N.C.-based Ply Gem Holdings, a manufacturer of exterior building products, announced plans to launch its initial public offering of nearly 16 million shares of its common stock.
Ply Gem plans to use the proceeds from the public offering to pay off debt, to pay transaction fees and for general corporate purposes, according to the announcement.
The stock has been approved for listing on the New York Stock Exchange under the symbol “PGEM.”