REV Group, which manufactures emergency and specialty vehicles, announced terms for its IPO on Tuesday.
The Milwaukee, WI-based company plans to raise $250 million by offering 12.5 million shares at a price range of $19 to $21. At the midpoint of the proposed range, REV Group would command a fully diluted market value of $1.3 billion.
REV Group was founded in 2010 and booked $1.9 billion in sales for the 12 months ended October 29, 2016. It plans to list on the NYSE under the symbol REVG. Goldman Sachs, Morgan Stanley and Baird are the joint bookrunners on the deal. It is expected to price during the week of January 23, 2017.
