AquaVenture (WAAS) IPO Opens Up 17%

October 6, 2016 10:00 AM EDT
Get Alerts WAAS Hot Sheet
Trade WAAS Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Today's IPO for AquaVenture Holdings Limited (NYSE: WAAS) opened for trading at $21 after pricing its initial public offering of 6,500,000 ordinary shares at a public offering price of $18.00 per share, the low end of the expected $18 - $20 per share range.

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.

AquaVenture is a multinational provider of Water-as-a-Service (WAASTM) solutions that provide customers a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts that minimize capital investment by the customer. AquaVenture is composed of two operating platforms: Quench, a U.S.-based provider of Point-of-Use, or POU, filtered water systems and related services to approximately 40,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing 7 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Related Entities

Deutsche Bank, Citi, Raymond James, RBC Capital, Canaccord Genuity, IPO

Add Your Comment