Advanced Disposal Services Prices IPO at $18.00-$21.00 Per Share (ADSW)
Advanced Disposal Services (ADSW) plans to raise $376 million in an initial public offering (IPO) on Thursday, October 6th. The company plans to issue 19,300,000 shares at a price of $18.00-$21.00 per share.
In the last twelve months, Advanced Disposal Services generated $1.4 billion in revenue and had a net loss of $28.3 million. The company has a market cap of $1.6 billion.
Deutsche Bank Securities, Credit Suisse, Barclays and UBS Investment Bank served as the underwriters for the IPO and BofA Merrill Lynch, Macquarie Capital, Morgan Stanley, Stifel, SMBC Nikko and First Analysis Securities were co-managers.
Advanced Disposal Services provided the following description of their company for its IPO: “We are a leading integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. We have a presence in 18 states across the Midwest, South and East regions of the United States, serving approximately 2.8 million residential and 202,000 C&I customers through our extensive network of 93 collection operations, 74 transfer stations, 22 owned or operated recycling facilities and 39 owned or operated landfills. “.
Advanced Disposal Services was founded in 2000 and has 5400 employees. The company is located at 90 Fort Wade Road, Ponte Vedra, FL 32081, US and can be reached via phone at (904) 737-7900 or on the web at https://www.advanceddisposal.com.
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