One Stop Systems, which manufactures computing systems for high speed processing, announced terms for its IPO on Tuesday.
The Escondido, CA-based company plans to raise $20 million by offering 2.9 million shares at a price range of $6 to $8. At the midpoint of the proposed range, One Stop Systems would command a fully diluted market value of $95 million.
One Stop Systems was founded in 1998 and booked $27 million in sales for the 12 months ended September 30, 2017. It plans to list on the Nasdaq under the symbol OSS. Roth Capital is the sole bookrunner on the deal. It is expected to price during the week of January 29, 2018.
