Summit Materials investors eye $375M from initial public offering

Sources: CP staff; Summit Materials LLC, Denver; Renaissance Capital LLC, Greenwich, Conn.

Trading of the newest major operator with U.S. concrete, cement and aggregate production, Summit Materials, has commenced on the New York Stock Exchange, as CEO Tom Hill rang the March 12 Opening Bell. After a requisite quiet period since a mid-December Securities and Exchange Commission filing, Summit Materials sponsors offered 22.2 million shares at $18/share.

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