GSE Holdings is seeking to raise around $145.8 million in an initial public offering (IPO), The Wall Street Journal reports. The Houston-based company seeks to sell its common stock majorly to high-growth emerging and frontier markets in Asia, Latin America, Africa and the Middle East.
The issue will be listed on the New York Stock Exchange. The industrial-lining company intends to use the proceeds to pay back borrowings under its senior secured credit facilities. Jefferies and Oppenheimer are the joint book-runners for the deal, adds Reuters.
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