Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Shimmick Corp.
a water treatment company, set terms for its initial public offering on Tuesday with plans to offer 4.55 million shares, priced at $10 to $12 each. The company would raise $54.6 million at the top of that range at a valuation of $318 million. The company has applied to list on Nasdaq under the ticker “SHIM.” Roth Capital Partners and Craig-Hallum Capital Group are underwriting the deal.
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