GSE Resets Its IPO

International geosynthetics manufacturer GSE has revised its planned initial public offering (IPO) of stock. The company had intended to offer shares in mid-December, but was one of three companies to pullback from an IPO that month in the tepid investment environment. The new IPO terms, just filed, announced a 7 million share offering at an expected $8-10/share price. Roughly $63 million is expected to be raised. This offering will make GSE one of the only geosynthetics companies with publicly traded shares. It will also announce the return of the company to being publicly traded after years of private equity ownership.