Oil and gas equipment manufacturer VME Companies (VME.US) IPO priced at $4-$5 per share, aiming to raise $18 million.

Oil and gas offshore facility process modules and separation equipment supplier VME Companies (VME.US) announced the terms of its IPO on Tuesday. The Tyler, Texas-based company plans to raise $18 million by offering 4 million shares at a price range of $4 to $5 per share. At the midpoint of the proposed price range, VME Companies would have a market value of $311 million. VME Companies designs, manufactures, and delivers engineered process modules and packaged equipment for offshore and onshore energy projects. Its EPC and Modular Solutions segment provides integrated engineering, procurement, and construction services for modular process systems used in floating production storage and offloading (FPSO) vessels, mobile offshore production units, and fixed platforms, covering oil and gas separation, produced water treatment, and gas compression; the company has supplied modules to more than 60 FPSOs, and this segment accounts for approximately 80% to 90% of its sales. Its Separation Technology segment supplies separation internals, pressure vessels, processing systems, and packaged pump units to upstream, midstream, and downstream customers. VME Companies was founded in 1985 and generated $37 million in revenue for the 12 months ended June 30, 2026. The company plans to list on the Nasdaq under the ticker symbol VME. Kingswood Capital Markets is serving as the sole bookrunner for the transaction.