Energy Recovery files IPO for desalination
Energy Recovery, a San Leandro, Calif.-based firm which develops water desalination devices, has filed plans to list its shares on the NASDAQ under the ticker symbol “ERII.” The company expects its 14 million shares — 8.1 million of which will be offered by the firm itself, with the remaining 5.9 million to be sold by a stockholder group — to fetch between $7 and $9 apiece.
Its lead underwriters are Citigroup, Global Markets and Credit Suisse… Continue Reading