Global Water Resources (GWRI) Files $50M IPO

May 13, 2008 4:24 PM EDT

Global Water Resources (Nasdaq: GWRI) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $50 million. The company plans to list on the NASDAQ under the stock symbol "GWRI".

The offering is being made through Janney Montgomery Scott.

Global Water Resources is a water resource management company that provides water, wastewater and recycled water utility services. [BCS]

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