A.S.V. (ASV) Announces May 8th IPO

A.S.V. (ASV) expects to raise $34 million in an initial public offering on the week of May 8th. The company will issue 3,800,000 shares at a price of $8.00-$10.00 per share.

In the last year, A.S.V. generated $103.8 million in revenue and had a net loss of $1.2 million. A.S.V. has a market cap of $88.2 million.

Roth Capital Partners acted as the underwriter for the IPO and Seaport Global Securities was co-manager.

A.S.V. provided the following description of their company for its IPO: “We design and manufacture a broad range of high quality compact track loader (“CTL”) and skid steer loader (“SSL”) equipment, marketed through a distribution network in North America, Australia and New Zealand under the ASV and Terex brands. We also serve as a private label original equipment manufacturer for several manufacturers. “.

A.S.V. was founded in 1983 and has 157 employees. The company is located at 840 Lily Lane, Grand Rapids, Minnesota 55744, US and can be reached via phone at (218) 327-3434 or on the web at http://www.asvllc.com.

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