This is a top-tier performance for all major underwriters during the period. About Montrose Environmental Group, Inc. (adapted from Montrose Environmental Group, Inc. prospectus): They service complex, recurring and often non-discretionary environmental needs of our diverse clients across our three business segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. First Day Return: +46.7%. ". MEG has a reasonable IPO valuation, potential for continued growth through acquisition and new organic opportunities as well as resilience to viral pandemic conditions. Since our inception in 2012, our mission has been to help clients and communities meet their environmental goals and needs. Management says it will use the net proceeds from the IPO as follows: We intend to use $139.3 million of the net proceeds from this offering in connection with the redemption of all outstanding shares of our Series A-1 preferred stock and the remainder for general corporate purposes, including future investments in innovation and acquisitions in our highly fragmented industry. Montrose Environmental Group Announces Pricing Of IPO At $15 Per Share. Renaissance Capital Investments, Inc. is a FINRA-registered broker-dealer, and member of SIPC. Nine Months Ended . Expected IPO Pricing Date: To be announced. Information provided is for educational purposes only, may be in error, incomplete or out of date, and does not constitute financial, legal, or investment advice.). However, Montrose says it is engaging with over 70 clients on their Covid19 response activities, so it appears the firm has the potential for resiliency through the pandemic and even the potential for new business opportunities as a result of the pandemic as customers increase their focus on air quality. Renaissance Capital is the global leader in providing pre-IPO institutional While the ”core” businesses do not look very profitable, the company still shows resilient growth. Montrose Environmental Group has filed to raise $160 million in an IPO of its common stock, according to an S-1/A registration statement. 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. We service complex, recurring and often non-discretionary environmental needs of our diverse clients across our three business segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. We expect the public offering price will be between $ and $ per share. Management says its 'long-standing relationships with a number of Fortune 1000 companies and government entities, and many of its services were deemed 'essential' during the recent Covid19 shelter in place guidelines.Notably, the firm has acquired over 50 businesses in the last eight years, as management views the industry as still highly fragmented and it intends to continue 'selectively acquiring companies' in the industry. 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. Latest Trade: The firm’s financials indicate a slight softening in revenue growth and increasing operating losses. 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