Core & Main set to go public after IPO priced at low end of expected range

Dow Jones2021-07-23

Core & Main Inc. is set to go public Friday, as the Missouri-based water, wastewater and fire protection products distributor's initial public offering priced overnight at $20 a share, which was the low end of the expected range of between $20 and $23 a share. The company, which was valued at $4.81 billion at the IPO pricing, sold 34.88 million shares in the IPO to raise $697.7 million has slipped 1.0% over the past three months while the S&P 500 has gained 4.5%.

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