Investors have found a lot to like with SiteOne Landscape Supply (NYSE: SITE). The company priced their IPO last night at $21, inside their proposed pricing range of $20-22. To the delight of investors the SITE story is simple and their business isn't rocket science. SiteOne provides wholesale landscape supplies and services to residential and commercial landscaping firms.
There is a huge underwriting team on the deal with Deutsche Bank, Goldman and UBS leading with four more "co-leads" and six more "co-managers." Although the mix of the group is a little rag-tag this company will . . .