AquaVenture Holdings, which provides wastewater treatment and purification systems and services, announced terms for its IPO on Friday.
The Tampa, FL-based company plans to raise $124 million by offering 6.5 million shares at a price range of $18 to $20. At the midpoint of the proposed range, AquaVenture Holdings would command a market value of $483 million.
AquaVenture Holdings was founded in 2006 and booked $109 million in sales for the 12 months ended June 30, 2016. It plans to list on the NYSE under the symbol WAAS. Citi, Deutsche Bank and RBC Capital Markets are the joint bookrunners on the deal. It is expected to price during the week of October 3, 2016.
