Everspin Technologies, Inc. today announced the closing of its initial public offering of 5,000,000 shares of its common stock at a public offering price of $8.
Ceiling tile is sold in many different materials, sizes and thicknesses and made to fasten directly to ceilings or fit into a grid system called a suspended or drop ceiling. Popular types include cork, tin, plastic and acoustical. Acoustical ceiling tile reduces noise, as it has sound absorbent properties.
Tile contractors may create blueprints or lay out tiles on a dry surface to prepare decorative mosaics or patterns. Installers use electric or mechanical tools to cut tiles to go around toilet bowls, pipes and other fixtures. Tiles contractors lay tiles on a flat, clean and level surface. Tile contractors will sometimes install new drywall, tile backer board or another material to a wall, ceiling or floor to be tiled. Concrete floors and other uneven surfaces may need to be leveled with mortar.