ASV Holdings, which designs and manufactures loader equipment under ASV, Terex and CAT brands, announced terms for its IPO on Wednesday.
The Grand Rapids, MN-based company plans to raise $34 million by offering 3.8 million shares (53% insider) at a price range of $8 to $10. At the midpoint of the proposed range, ASV Holdings would command a fully diluted market value of $88 million.
ASV Holdings was founded in 1983 and booked $104 million in sales for the 12 months ended December 31, 2016. It plans to list on the Nasdaq under the symbol ASV. Roth Capital is the sole bookrunner on the deal. Timing information was not disclosed.
