Solv Energy launches roadshow for initial public offering

Solv Energy (MWH) announced that it has launched the roadshow for its initial public offering of 20,500,000 shares of its Class A common stock. The initial public offering price is expected to be between $22.00 and $25.00 per share pursuant to a registration statement on Form S-1 filed with the SEC. The company has applied to list its Class A common stock on Nasdaq under the ticker symbol “MWH.” Jefferies and J.P. Morgan are acting as joint lead book-running managers for the proposed offering. KeyBanc Capital Markets, TD Cowen, UBS Investment Bank, Baird, Evercore ISI, Guggenheim Securities, Wolfe Nomura Alliance, CIBC Capital Markets and Roth Capital Partners are acting as bookrunners for the proposed offering. Academy Securities is acting as co-manager for the proposed offering.