Thermon Group Holdings will sell common stock in an initial public offering (IPO) to raise about $143.8 million, Reuters reports. The number of shares to be offered and the price range has not yet been determined. The proceeds from the IPO are expected to be used by the provider of thermal solutions for industries to repay outstanding debt. Barclays Capital and Jefferies & Company have been appointed as joint book-running managers of the offering, adds Globe Newswire.

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