Advanced Disposal Services, a vertically integrated provider of solid waste collection, recycling and disposal services, announced terms for its IPO on Monday.
The Ponte Vedra, FL-based company plans to raise $375 million by offering 19.3 million shares at a price range of $18 to $21. At the midpoint of the proposed range, Advanced Disposal Services would command a market value of $1.6 billion. Advanced Disposal had previously attempted to go public in February 2016 but ultimately postponed the deal.
Advanced Disposal Services was founded in 2000 and booked $1.4 billion in sales for the 12 months ended June 30, 2016. It plans to list on the NYSE under the symbol ADSW. Deutsche Bank, Credit Suisse, Barclays, UBS Investment Bank, BofA Merrill Lynch, Macquarie Capital, Morgan Stanley and Stifel are the joint bookrunners on the deal. It is expected to price during the week of October 3, 2016.
