Energy Recovery (ERII) Files $175M IPO
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Energy Recovery (Nasdaq: ERII) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $175 million. The company plans to list on the NASDAQ under the stock symbol "ERII."
The offering is being made through Citi and Credit Suisse.
Energy Recovery is a leading global developer and manufacturer of highly efficient energy recovery devices utilized in the rapidly growing water desalination industry. It operates primarily in the sea water reverse osmosis, or SWRO, segment of the industry. [BCS]
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