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AQUA - Evoqua Water Technologies under pressure on pricing secondary equity offering
Evoqua Water Technologies Corp.
Evoqua Water Technologies (AQUA) has priced a secondary public offering of 12M common shares for estimated gross proceeds of ~$301.8M.Selling Shareholders have granted underwriters a 30-day option to purchase up to 1.8M shares.Offering is expected to close on December 4. The company will not receive any proceeds from the sale of shares.Shares down 8% premarket.