PITTSBURGH--(BUSINESS WIRE)--Evoqua Water Technologies Corp. (“Evoqua Water Technologies” or the
“Company”) today announced the pricing of its initial public offering of
27,777,777 shares of its common stock at a public offering price of
$18.00 per share. Of those shares, the Company is selling 8,333,333
shares and certain stockholders of the Company are selling 19,444,444
shares. The selling stockholders have also granted the underwriters a
30-day option to purchase up to an additional 4,166,666 shares. The
Company will not receive any proceeds from the sale of shares by the
selling stockholders, including from any exercise by the underwriters of
their option to purchase additional shares.
Shares of the Company’s common stock are expected to begin trading on
November 2, 2017 on the New York Stock Exchange under the symbol “AQUA.”
The offering is expected to close on November 6, 2017, subject to the
satisfaction of customary closing conditions.
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.
The offering of these securities is being made only by means of a
prospectus. Copies of the final prospectus may be obtained, when
available, from: Credit Suisse Securities (USA) LLC, Attention:
Prospectus Department, One Madison Avenue, New York, New York, 10010, or
by telephone at +1 (800) 221-1037, or by email at newyork.prospectus@credit-suisse.com,
or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, or via telephone: 1-866-803-9204
or RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey
Street, 8th Floor, New York, New York, 10281, or by telephone at
1-877-822-4089, or by email at equityprospectus@rbccm.com.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on November 1, 2017.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Evoqua Water Technologies
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.