GMS Sets Terms For IPO, To Raise Up To $185.15 Million

Gypsum Management and Supply set terms for its initial public offering, which the wallboard and suspended ceilings systems company said could raise up to $185.15 million. As part of the terms, the company expects to sell 7 million shares at an IPO price between $21 to $23. The underwriters will be granted options to buy an additional 1.05 million shares. The stock had been approved for listing on the New York Stock Exchange under the symbol "GMS." The lead underwriters of the IPO are Barclays and Credit Suisse.