Since our inception in 2012, our mission has been to help clients and communities meet their environmental goals and needs. Montrose Environmental Group Inc, an environmental services company, has priced its IPO of 10 million shares at a range between $15 and $17 per … The company’s diverse set of services are centered around air, soil, and water. Filed 2020-06-30 Terms Added 2020-07-14: For IPO Boutique's "scale of 1 to 5" BUY rating on Montrose Environmental Group, Inc., and our comprehensive analysis, click "Buy Market Research. (949) 988-3383 Today's IPO for Montrose Environmental Group (NYSE: MEG) opened for trading at $16.50 after pricing 10,000,000 shares of its common stock at $15. As to valuation, according to an NYU Stern School basket of publicly held Environmental & Waste firms, their average EV / Sales multiple in January 2020 was 3.08x. Montrose’s recent financial results can be summarized as follows: Below are relevant financial results derived from the firm’s registration statement: As of March 30, 2020, Montrose had $1.5 million in cash and $257.5 million in total liabilities. Montrose Environmental Group Inc. company facts, information and financial ratios from MarketWatch. The firm's addressable market is believed to be approximately $395 billion and is expected to grow at a rate of 3.4% per year from 2018 to 2024. Today's IPO for Montrose Environmental Group (NYSE: MEG) opened for trading at $16.50 after pricing 10,000,000 shares of its common stock at $15. We "communicate our vision well" and our CEO Vijay is "the real deal". The Company has applied to list its common stock on the New York Stock Exchange under the symbol “MEG.”. Real-time information on initial public offerings (IPO's) by MarketWatch. Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today the pricing of its initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company, at a price of $15 per share (before underwriting discounts and commissions). Montrose Environmental Group Announces Timing of Third Quarter 2020 Earnings Release and Conference Call ... IPO Date; 07/23/2020; Investment Bank; Bofa Securities Inc % Mgmt Owns; 21.3%; PE Ratio; 0; Dividend Yield; 0; Alpha; N/A; Beta; N/A; Company Fundamentals. Montrose Environmental Group has filed to raise $160 million in an IPO of its common stock. (646) 361-1427 Montrose Environmental Group Inc. priced its initial public offering at $15 a share, the low end of its range, selling 10 million shares to raise $150 million. PFAS remediation features heavily in the prospectus filed this week by environmental services provider Montrose Environmental ahead of a $160 million IPO on the New York Stock Exchange. Investors are referred to the Company’s registration statement for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement. Montrose Environmental has raised 1 round. The initial public offering price is expected to be between $15 and $17 per share. Read More. BNP PARIBAS, Capital One Securities and Stifel are acting as joint book-running managers, and Needham & Company is acting as co-manager for the offering. Their stock opened with $15.00 in its Jul 22, 2020 IPO. Montrose intends to raise $160 million in gross proceeds from an IPO of ten million shares of its common stock at a midpoint price of $16.00 per share. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Montrose Environmental Group, which provides environmental assessment, management, and remediation services, announced terms for its IPO … Filed 2020-06-30 Terms Added 2020-07-14: For IPO Boutique's "scale of 1 to 5" BUY rating on Montrose Environmental Group, Inc., and our comprehensive analysis, click "Buy Market Research. IRVINE, CA (July 14, 2020) – Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today that it has commenced an initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company. The firm provides a range of environmental remediation and management services to industry. Based in California and operating in more than 65 offices throughout the US, Canada and Australia, the company provides testing, groundwater remediation, water treatment, leak detection and a variety of other environmental services. IRVINE, Calif.–(BUSINESS WIRE)–Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today that it has commenced an initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company. The initial public offering price is expected to be between $15 and $17 per share. Montrose Environmental Group (MEG) has gone public in an offering which went well with shares up 50% on their opening day despite a soft pricing process. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. IRVINE, Calif.-(BUSINESS WIRE)-Montrose Environmental Group, Inc. (the "Company" or "Montrose") announced today the pricing of its initial public offering … The selling stockholders identified in this prospectus are offering 4,920,052 shares of our common stock. Montrose Environmental Group: Interesting IPO. Shares. The offering of these securities will be made only by means of a prospectus. The … For IPO Boutique's "scale of 1 to 5" BUY rating on Montrose Environmental Group, Inc., and our comprehensive analysis, click "Buy Market Research ". The Company intends to use the net proceeds from the offering in connection with the redemption of all outstanding shares of its Series A-1 preferred stock and the remainder for general corporate purposes, including future investments in innovation and acquisitions in its highly fragmented industry. Montrose Environmental Group, Inc. Nasym Afsari: Nasym Afsari: General Counsel and Assistant Secretary: 2015-06-09: Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. Montrose has the "best Exec Team" for which you've ever worked. Montrose Environmental Group, Inc. Form S-1. Montrose Environmental has raised 1 round. Information provided is for educational purposes only, may be in error, incomplete or out of date, and does not constitute financial, legal, or investment advice.). The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. Increasing gross profit, but variable gross margin, Growing operating losses and negative margin, Uneven cash flow from or use in operations. Symbol. Montrose Environmental Group prices IPO at $15 to raise $150 million. The initial public offering price is expected to be between $15 and $17 per share. Major competitive or other industry participants include: Management says its primary competitors are divisions of large companies and that few of its competitors provide the full range of solutions that it offers. Montrose Environmental is registered under the ticker NYSE:MEG . While the ”core” businesses do not look very profitable, the company still shows resilient growth. "We initiated a position in Montrose Environmental Group, Inc. during the quarter upon the company’s IPO. IPO Investing. Montrose Environmental Group Inc. company facts, information and financial ratios from MarketWatch. Montrose Environmental Group prices IPO at $15 to raise $150 million. Below is a brief overview video of a Montrose PT Mobile Lab: The firm targets customers in the following markets: Montrose has received at least $168 million from investors including Oaktree Capital Management, CTEH Holdings, and Yukon Environmental. BofA Securities and William Blair are acting as joint leading book-running managers and representatives of the underwriters for the offering. Latest Trade: $32.10 0.00 (0.0%) First Day Return: +46.7%. The company is basically an acquisition play on the fragmented market for environmental services. Montrose Environmental has acquired 2 organizations. “We initiated a position in Montrose Environmental Group, Inc. during the quarter upon the company’s IPO. 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