Reuters and Marketwatch are reporting that GSE Holding Inc. filed on Wednesday (November 23) with U.S. regulators to offer 9 million shares in an initial public offer (IPO). The filing follows a July 2011 filing from company with the Securities and Exchange Commission on the intent to file the IPO, which is believed will raise nearly $144 million on a price of $13-$15 per share.
Marketwatch reports that the money raised will repay debt ($40.3 million), pay a fee to terminate a management agreement ($3 million), and provide working capital.
Reuters adds that William Blair & Co, BMO Capital Markets and Macquarie Capital have been added the underwriters list for the IPO.
The company intends to list on the New York Stock Exchange under the symbol “GSE.”
