Associated Press: Energy Recovery Discloses Expected IPO Terms

“The AP reported that ERI, which manufactures desalination equipment, announced the terms of its planned initial public offering. “Based on the anticipated price range, Energy Recovery would have a market capitalization of $335.4 million to $431.3 million. Assuming an offering price of $8, the company expects to raise about $56.7 million from its part of the IPO.” Poten Capital Services was an advisor to the Company in connection with the transaction.”