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Evoqua Water Technologies Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Tue, 07 Nov 2017 4:15 pm EDT

PITTSBURGH--Evoqua Water Technologies Corp. (“Evoqua Water Technologies” or the “Company”) announced the closing of its initial public offering of 31,944,443 shares of its common stock at a public offering price of $18.00 per share, which included 4,166,666 shares sold upon full exercise of the option to purchase additional shares granted to the underwriters by certain stockholders of the Company. The shares began trading on the New York Stock Exchange under the symbol “AQUA” on November 2, 2017.

Of the shares sold in the Company’s initial public offering, the closing of the offering of 27,777,777 shares took place on November 6, 2017, of which 8,333,333 shares were sold by the Company and 19,444,444 shares were sold by the selling stockholders. The sale by the selling stockholders of the additional 4,166,666 shares pursuant to the underwriters’ option to purchase additional shares followed on November 7, 2017. The Company did not receive any proceeds from the sale of shares by the selling stockholders, including from the exercise by the underwriters of their option to purchase additional shares.

Credit Suisse, J.P. Morgan and RBC Capital Markets acted as joint lead book-running managers in the offering. Citigroup and Goldman Sachs & Co. LLC also acted as joint book-running managers in the offering. Morgan Stanley, Baird, Raymond James, Stifel and Wells Fargo Securities acted as co-managers in the offering.

The offering of these securities was made only by means of a prospectus. Copies of the final prospectus may be obtained 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 and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life®.