Wheelabrator Technologies, Inc released a statement Tuesday announcing that the company plans to go public. Headquartered in Portsmouth, the company says it's the second largest U.S.-based waste-to-energy business, with 26 facilities in the U.S. and United Kingdom.
According to the statement, the company has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) relating to its proposed initial public offering.
The size and price range for the proposed offering have not yet been determined. The offering is expected to commence after the completion of the SEC review process, subject to market and other conditions.