Infrastructure Company Shimmick Plans IPO – Orange County Business Journal ...Middle East

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Infrastructure Company Shimmick Plans IPO – Orange County Business Journal
A construction company in Irvine with its eyes on Wall Street intends to do something about the crumbling infrastructure in the U.S. Shimmick Corp. earlier this month filed an S-1 registration statement to go public, making it one of the few OC-based companies to plan going public this year by way of an initial public offering. The underwriter for the IPO is Newport Beach’s Roth Capital Partners, the biggest investment bank based in Orange County. Shimmick listed a placeholder $50 million figure for the amount it aims to raise in the IPO; that figure is likely to change prior to the deal’s completion. No pricing terms have been disclosed yet. “We have a long history of working on complex w

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