Industry: Industrials. Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 View information on the latest IPO's, expected IPO's, recent filings and IPO performance. Montrose Environmental Group, Inc. (the “Company” or “Montrose”) announced today the pricing of its initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company, at a price of $15 per share (before underwriting discounts and commissions). Montrose Environmental Group has gone public in an offering which went well with shares up 50% on their opening day despite a soft pricing process.The company is basically an acquisition play on the fragmented market for environmental services. Investment Products. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. Montrose Environmental Group: Interesting IPO. This press release contains forward-looking statements. PROSPECTUS . The … Real-time information on initial public offerings (IPO's) by MarketWatch. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. MEG’s proposed EV / Revenue multiple of 2.55x indicates to me that the IPO appears reasonably valued, especially given the firm’s likely higher revenue growth rate of nearly 20%. Provides a suite of environmental impact services. Information provided is for educational purposes only, may be in error, incomplete or out of date, and does not constitute financial, legal, or investment advice.). Search / Go. Montrose’s recent financial results can be summarized as follows: Below are relevant financial results derived from the firm’s registration statement: As of March 30, 2020, Montrose had $1.5 million in cash and $257.5 million in total liabilities. Montrose@icrinc.com, Copyright © 2020 Montrose Environmental Group, Inc. | Privacy Policy | Cookie Notice, By clicking “Accept” or continuing to use this site, you agree to the use of cookies, as described in our. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The initial public offering price is expected to be between $15 and $17 per share. (I have no position in any stocks mentioned as of the article date, no plans to initiate any positions within the next 48 hours, and no business relationship with any company whose stock is mentioned in this article. Filed 2020-06-30 Terms Added 2020-07-14: For IPO Boutique's "scale of 1 to 5" BUY rating on Montrose Environmental Group, Inc., and our comprehensive analysis, click "Buy Market Research. The market opportunity for environmental services is large and expected to grow at a low-to-moderate rate of growth in the years ahead, although the aforementioned increasing focus on air quality as a result of the Covid19 pandemic may produce new market growth opportunities for nimble firms such as Montrose. Montrose Environmental Group has gone public in an offering which went well with shares up 50% on their opening day despite a soft pricing process. Free cash flow during the twelve months ended March 30, 2020, was $2.0 million. You said working at Montrose Environmental, a company which just went public on July 23, is "the best job you've ever had". Today's IPO for Montrose Environmental Group (NYSE: MEG) opened for trading at $16.50 after pricing 10,000,000 shares of its common stock at $15. Montrose Environmental Group, which provides a suite of environmental impact services, raised $150 million by offering 10 million shares at $15, the low end of … Rodny Nacier Oaktree sells Montrose stake at nearly 2x IPO price Shares in NYSE-listed environmental services provider Montrose Environmental Group closed up 6.3% at $29.58 yesterday after anchor shareholder Oaktree Capital sold down a further 15% stake via a … Read More. Montrose Environmental is funded by Oaktree Capital Management. New California Industrial Stormwater Permit Requirements – Effective July 1, 2020. For IPO Boutique's "scale of 1 to 5" BUY rating on Montrose Environmental Group, Inc., and our comprehensive analysis, click "Buy Market Research ". BofA Securities is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 46.0% since their IPO. Montrose is an environmental services provider offering measurement & analytical services as well as environmental resiliency & sustainability solutions NEW YORK, NY / ACCESSWIRE / November 12, 2020 / Montrose Environmental Group Inc (NYSE:MEG) will be discussing their earnings results in their … A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. Montrose Environmental Group, Inc. Nasym Afsari: Nasym Afsari: General Counsel and Assistant Secretary: 2015-06-09: Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. And Exchange Commission, but variable gross margin, Uneven cash flow from or use in.. Negative margin, Uneven cash flow, operating expenses and cash dividends per share approximate $ million... 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