Masonite International Corporation has filed to become a U.S. reporting company on the New York Stock Exchange, with plans to withdraw its previous Form S-1 registration statement after a proposed $150 million initial public offering in February.
Additionally, the company applied for the listing of its common shares under the "DOOR" ticker symbol.
“Given Masonite’s strong balance sheet and future growth prospects, the company decided to register under the 1934 Act and list the Company’s shares on the New York Stock Exchange without a concurrent equity offering,” said CFO and executive VP Mark Erceg.
“This action is consistent with the desire expressed to us by a large portion of our shareholder base that they be able to maintain their existing ownership positions in advance of what many economists expect to be a multi-year, multi-stage recovery in the United States housing and construction markets,” added president and CEO Fred Lynch.
Masonite was previously a public company, but was acquired by private equity firm Kohlberg Kravis Roberts & Co. LP in 2005. It then filed for (and emerged from) Chapter 11 bankruptcy in 2009.