Evoqua Water Technologies announces pricing of secondary public offering
- March 19, 2018
- Category: Investment and Finance, North America
US-headquartered Evoqua Water Technologies Corp.has announced the pricing of a secondary public offering of 17,500,000 shares of its common stock by certain stockholders of the company at a price of $22.00 per share.
Additionally, in connection with the offering, the Selling Stockholders have granted to the underwriters a 30-day option to purchase up to 2,625,000 additional shares of common stock. The offering is expected to close today, 2018, subject to the satisfaction of customary closing conditions.
The company is not selling any shares in the offering and will not receive any proceeds from the sale of shares being sold by the Selling Stockholders in the offering.
J.P. Morgan, Credit Suisse and RBC Capital Markets are acting as joint lead book-running managers in the offering. Citigroup and Goldman Sachs & Co. LLC are also acting as joint book-running managers in the offering. Morgan Stanley, Baird, Cowen, Raymond James, Stifel and Wells Fargo Securities are acting as co-managers in the offering.
A leading provider of mission critical water treatment solutions and headquartered in Pittsburgh, Pennsylvania, Evoqua operates 160 locations in eight countries. With over 200,000 installations and 87 service branches, the firm holds leading positions in the North American industrial, commercial and municipal water treatment markets, serving more than 38,000 customers worldwide.