AquaVenture (WAAS) Prices 6.5M Common Stock IPO at $18/Share, at the Low-End of Expected Range

October 6, 2016 5:51 AM EDT
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AquaVenture Holdings Limited (NYSE: WAAS) announced the pricing of its initial public offering of 6,500,000 ordinary shares at a public offering price of $18.00 per share, before underwriting discounts. In addition, AquaVenture has granted the underwriters a 30-day option to purchase up to 975,000 additional ordinary shares at the initial public offering price, less the underwriting discount. AquaVenture's ordinary shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "WAAS" on October 6, 2016.

*** Note: The company was recently looking for a pricing range of $18 - $20 per share.

Citigroup, Deutsche Bank Securities and RBC Capital Markets are acting as joint book-running managers for the offering. Canaccord Genuity, Raymond James and Scotiabank are acting as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on October 5, 2016. Copies of the final prospectus relating to the offering may be obtained, when available, from: Citigroup by mail, c/o Broadridge Financial Solutions, at 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (800) 831-9146; or Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005, Attn: Prospectus Group, by telephone at (800) 503-4611, or by email at; or RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, or by email to, or by telephone at (877) 822-4089.

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