Montrose Environmental Group Inc. /zigman2/quotes/219535298/composite MEG -0.06% priced its initial public offering at $15 a share, the low end of its range, selling 10 million shares to raise $150 million. The Irvine, Calif.-based company offers a range of environmental services, including air management and lab services to regulatory compliance. The stock will start trading on the New York Stock Exchange later Thursday, under the ticker symbol "MEG." Proceeds of the deal will be used to redeem preferred stock and for general corporate purposes. BofA Securities and William Blair are joint lead book-running managers on the deal with BNP Paribas, Capital One and Stifel acting as joint managers and Needham & Co. acting as co-manager.
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