Advanced Disposal Services, a vertically integrated provider of solid waste collection, recycling and disposal services, postponed its IPO on Wednesday. It had filed to raise $450 million by offering 21.4 million shares (58% insider) at a price range of $20 to $22.
The Ponte Vedra, FL-based company was founded in 2000 and booked $1.4 billion in sales for the 12 months ended September 30, 2015. It had planned to list on the NYSE under the symbol ADSW. Deutsche Bank, Credit Suisse, Barclays, BofA Merrill Lynch, Macquarie Capital, Morgan Stanley and UBS Investment Bank were set to be the joint bookrunners on the deal.
