Mayville Engineering Company, Inc. Announces Pricing of Initial Public Offering
May 08 2019 - 9:14PM
Business Wire
Mayville Engineering Company, Inc. (“MEC”) today announced the
pricing of its initial public offering of 6,250,000 shares of
common stock at a price to the public of $17.00 per share. In
addition, MEC has granted the underwriters a 30-day option to
purchase up to an additional 937,500 shares of common stock at the
initial public offering price, less underwriting discounts and
commissions. The shares are expected to begin trading on
the New York Stock Exchange on May 9, 2019 under the
symbol “MEC” and the offering is expected to close on May 13, 2019,
subject to customary closing conditions.
Baird, Citigroup and Jefferies are acting as lead book-running
managers for the offering. UBS Investment Bank and William Blair
are also acting as joint book-running managers for the
offering.
The offering is being made only by means of a prospectus. Copies
of the final prospectus relating to this offering may be obtained,
when available, from Robert W. Baird & Co. Incorporated,
Attention: Syndicate Department, 777 East Wisconsin Avenue,
Milwaukee, WI 53202, by telephone at (800) 792-2473, or by email at
syndicate@rwbaird.com; Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, or by telephone at (800) 831-9146; or Jefferies LLC,
Attention: Equity Syndicate Prospectus Department, 520 Madison
Avenue, 2nd Floor, New York, NY 10022, by telephone at (877)
821-7388, or by email at prospectus_department@jefferies.com.
A registration statement relating to these securities has been
filed with the SEC and was declared effective on May 8, 2019. It
may be obtained by visiting the SEC’s website www.sec.gov. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About MEC
Founded in 1945, MEC is a leading U.S.-based value-added
manufacturing partner that provides a broad range of prototyping
and tooling, production fabrication, coating, assembly and
aftermarket services. Our customers operate in diverse end markets,
including heavy- and medium-duty commercial vehicle, construction,
powersports, agriculture, military and other end markets. Along
with process engineering and development services, MEC maintains an
extensive manufacturing infrastructure in 21 facilities across
eight states. These facilities make it possible to offer
conventional and CNC stamping, shearing, fiber laser cutting,
forming, drilling, tapping, grinding, tube bending, machining,
welding, assembly and logistic services. MEC also possesses a broad
range of finishing capabilities including shot blasting, e-coating,
powder coating, wet spray and military grade chemical agent
resistant coating (CARC) painting.
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Nathan ElwellLincoln Churchill Advisors(847)
530-0249nelwell@lincolnchurchilladvisors.com
Mayville Engineering (NYSE:MEC)
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