Evoqua Water Technologies (AQUA) IPO Opens, Trades Higher

Today's IPO for Evoqua Water Technologies (NYSE: AQUA) opened for trading earlier at $19.10 after pricing 27,777,777 shares of its common stock at a public offering price of $18.00 per share. Shares have since moved higher to $19.95.

The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 4,166,666 shares.

Credit Suisse, J.P. Morgan 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, Raymond James, Stifel and Wells Fargo Securities are acting as co-managers in the offering.

Evoqua Water Technologies is a leading provider of mission critical water treatment solutions, offering services, systems and technologies to support its customers’ full water lifecycle needs. Evoqua Water Technologies has worked to protect water, the environment and its employees for over 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, Evoqua Water Technologies operates 160 locations in eight countries and, with over 200,000 installations and 87 service branches, holds leading positions in the North American industrial, commercial and municipal water treatment markets.

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